Russian tourists are faced with rising prices in Turkey, the expert said

The value of the Turkish lira (TL), which recently updated the historical minimum against the dollar (30 lira per dollar), may fall even more, and by the last quarter of 2024 reach the level of 37 lira per dollar, Halk TV channel reported earlier. Market participants in a survey conducted by the Central Bank of Turkey last week predicted the dollar/lira exchange rate at 40.63 by the end of the year.

“Over the past three months, the dollar’s exchange rate against TL has increased from 28 to more than 30. The general expectations for 2024 are that the dollar exchange rate will be 39-40 TL. This, of course, means an increase of about 33-35 percent. The inflation expected by the Central Bank at the end of the year in 2024 is 36 percent, and in the market it is 40-45 percent. Russian tourists have already faced a rapid…