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How Turkey’s Lira Crisis Could Impact Iran

The 40% drop in the Turkish lira in recent months could escalate the outflow of currency from Iran toward the neighboring country’s real estate market
How Turkey’s Lira Crisis Could Impact IranHow Turkey’s Lira Crisis Could Impact Iran

Over the past week, the value of Turkish lira collapsed yet another time. 
At first glance, this seems like a problem peculiar to Turkey, but economists are warning that the Turkish lira’s slide will have a ripple effect on Iran’s economy. 
“The 40% drop in the Turkish lira in recent months could escalate the outflow of currency from Iran toward the neighboring country’s real-estate market. The Central Bank of Iran needs to take into account the new developments and their knock-on effects on Iran’s economy. On top of that, cheap imports [of consumer goods] from Turkey might lead to an even more alarming situation for the manufacturing sector in Iran,” he said.

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