… the country, not the fowl.
Tourists return to Turkey as cheap lira offers luxury living for a fraction of the price
The lira shed nearly half its value last year. This is in large part because Turkey’s central bank and policymakers have chosen to go against traditional economic theory. Instead of using higher interest rates to tackle a persistent rise in prices, they’ve been cutting borrowing costs instead. That’s led to 36% official annual inflation and an economic crisis that’s put a tight squeeze on household budgets.
Life is hard for those living in the country. But for those traveling to it, it’s a different story.