Turkish Lira on decline along with USA relationship

The Turkish Lira has declined in value, coinciding with a worsening relationship with the United States of America. President Recep Tayyip Erdogan has called on the public to invest in the domestic currency by selling off United States Dollars and European Union Euros. Turkey, along with Iran, is experiencing economic misfortune reflective in their currencies albeit with the latter receiving a more extreme level of economic pressure. Both Middle Eastern countries wield significant influence in the region and do have the possibility to strengthen relations with each other as a result of the current tensions with the United States.

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Global Risk Intel

Global Risk Intel

Global Risk Intelligence (GRI) is a boutique risk advisory firm. GRI navigates complex global risk issues and provides solutions for clients. GRI is committed to helping clients improve operational excellence by better understanding current and unperceived threats, ensuring that they are resilient in an increasingly uncertain era.

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