“Drop in Turkish lira is making us a lot more money”

The Turkish lira had seen a significant drop over the past weekend and Turkey’s central bank has said it’s ready to take all necessary measures to ensure financial stability after the collapse.

The drop of the Turkish currency is the result of president Trump approving the doubling of tariffs on Turkish steel and aluminium. Turkey refused to release an American pastor who has been in detention in Turkey for nearly two years now.

The drop of the Turkish lira is not all bad, Riza from Turkish exporting company Hatipoglu grinningly told FreshPlaza: “We sell our produce for euros and US dollars, so this drop doesn’t really affect us in a negative way. If anything, the drop in the lira is making us a lot more money right now, so we're not worried about it at all!”

If the Turkish lira keeps dropping though, it could start to have an impact for next season. Riza thinks the price will remain the same for those importing their Turkish cherries, but life for the growers might become a little more difficult. “For us exporters though, it just means more money as we will continue to do our dealings in euros or US dollars.”

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Mr. Muhsin Riza