Turks turn to dollar as lira hits low
Worried by political, military and security risks, the Turkish people are devising their own economic and monetary survival measures. Rapid shifting to dollars from Turkish lira (TL) is a not only an expected response to continuing devaluation of Turkish currency, but also the people’s way of preserving their savings. Growing political turmoil and violence has pushed the dollar to TL 2.86, an 18% loss of value in a short period.
More:Turks turn to dollar as lira hits low - Al-Monitor: the Pulse of the Middle East