Real Estate in Turkey The Turkish Lira Challenges the Fabricated Crises | Page 2

The second attempt was carried out by the Hostile movement of Fathallah Gulen, on 17 and 25
December 2014, where he tried to drag the government to resign by allegations against state
officials, which was reflected on the dollar exchange rate to levels of 2.25 Turkish liras.
The third attempt to tamper the stability of the national currency and trigger crises was through
the PKK, Which also carried out several brutal armed attacks, contributed to the rise in dollar
exchange rate to 2.99 Turkish liras.
Despite all these attempts, the Turkish economy was able to recover and grow again, the
exchange rate resumed to rise against the dollar, thus, the hostile campaign was more brutal
this time, and caused the martyrdom of tens of Turkish people, by the followers of the parallel
parties during the failed military coup attempt, resulted in these serious events, the rise in the
price of foreign currencies in the country, including the dollar as the exchange rate reached the
level of 3 Turkish liras, and then dropped to the level of 2.97 Turkish liras.
In the next attempt, global credit rating agencies entered the line of this unfair game and
presented many negative ratings unjustified, consequently, this blatant interference in the
affairs of the country affected the newly recovering economy, and coincided with a rise in the
exchange rate from 2.87 to 3.86 Turkish liras per dollar.
The recent economic crisis
At the announcement time of the early elections by Turkey in June 2018, the crisis of the -
Politicized - world rating agencies was repeated again. This has emerged in the last few days, as
they reduced the credit score for Turkey, which pushed the US dollar to rise to new levels of
about 4.80 Turkish liras.