Turkey: Unraveling Lira & Turkish Economy

The economy of Turkey. Turkey is a G20 member nation and the 20th biggest economy in the world by GDP. The country’s currency Lira faced issues in the recent years. You can also watch videos on economy of other countries: Economy of Italy: Economy of France: Economy of Germany: Known for narrow waist glass tea, hard to get Dondurma ice-cream, mystic Sufi Whirling, a history of the Ottoman Empire, and the majestic Aya Sofya, Modern-day Turkey was founded on the principles set by Mustafa Kemal Atatürk, who implemented social, political as well as economic reforms and as a secular system. The video discusses how Turkey imports a lot more than it exports that resulted in a “trade deficit” also known as a “negative balance of trade” which in turn put currency on the country’s currency Lira, and decline in the purchasing power of the currency resulted in inflation. The video also discusses Turkey’s political leadership and