• How 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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