Turkish currency over the past nine years amid Erdogan’s economic policy has become nine times.
The economic policy of Turkish President Recep Tayyip Erdogan led to the recording of inflation and lowering of lyra. Now Ukrainian money has become more expensive than the Turkish. This is proven by National Bank of Ukraine (NBU) data
On September 9, 2025, the NBU set Hryvnia in Lyre at 0.996 per 1 Lyre. In March 2016, the course reached 9.33 hryvnia per 1 lyre. Thus, the Turkish Lyre at 9 years fell 9 times and became cheaper than hryvnia.
On September 8, the Turkish Lira weakened up to 41.2650 per dollar, which became a new minimum history. The money continued to gradually lose its position after a year of steady decline, Reuters reported.
However, Türkiye is gradually gaining a massive crisis that began in 2018. Then low rate policy led to increased inflation up to 85% and a sharp fall in Lyre. In particular, since the mid -2023, the new central bank management has been crowded with the policy, increasing the rate by 50%. However, in July, a new alignment cycle began when the rate was reduced to 43%.
The Turkish government expects a slowdown in inflation up to 28.5% in 2024 and up to 16% in 2026. It was planned to achieve unambiguous inflation values only in 2027, which was a year later than previous forecasts.
Vice President Jewed Yilmaz, who presents the program in Ankara, noted that disinfilation will continue until the end of the year. This will be facilitated by budget policy and moderate rising prices for raw materials. The Ankara sporadically interferes with the smooth “intense” changing -change at the rate of exchange.
Authorities have also announced structural reforms, including the development of digital and high -tech industries, a “green” transformation and increased agricultural efficiency.
Note that last December, the Central Bank of Turkey for the first time since February 2023 reduced accounting rates by 2.5% to 47.5% amid a slowdown in inflation.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.