This is how the British newspaper mocked TL: It falls as it falls
While the exchange rate rose further after the elections in Turkey, the fall in TL whets the appetite of those living abroad.
Britain’s Telegraph newspaper mocked the TL’s depreciation in its story headlined “The cheapest holiday resort in the Mediterranean has gotten even cheaper”.
TL’s depreciation made headlines in the British media.
“There is sun, sea and sand in Türkiye. And thanks to the rapid fall of the currency, money is not a problem at all. The newspaper wrote that British tourists heading to Turkey this summer will take comfort in the record appreciation of the pound against the TL.
In the news, which drew attention to the fact that 1 pound was 33 TL on July 3, it was pointed out that this amount has increased by 10 TL since last April, and that TL has lost value rapidly in the last 10 years. as a result of the political and economic crisis in Turkey.
‘MADE MORE WITH ERDOGAN’S ELECTION’
Noting that 1 pound was 3 TL 10 years ago, and hovering around 8 lira even in early 2020 before the Covid-19 pandemic, Telegraph commented that TL’s depreciation reached serious dimensions, especially after Tayyip Erdoğan won the presidential election.
Noting that Turkey is facing increased economic uncertainty and inflation, the newspaper claimed that British tourists will see costs come down in Turkey this summer. Speaking to the newspaper, British tour guide Jon Graham also said that prices for accommodation and food and drink for foreign tourists are gradually falling.
THERE ARE TWO MORE COUNTRIES ON THE LIST
Noting that two-thirds of double occupancy overnight stays in Turkey in July were under £120, this rate was reported to be 53 per cent in Spain and 34 per cent in England.
Laura Plunkett, travel manager for the British Post Office, said that in addition to the Turkish lira, the Egyptian lira and South African rand depreciated rapidly against the pound, making these regions even more attractive for holidays. Stating that the pound has also appreciated against the euro, Ella Plunkett said: “We advise tourists to follow the currency of their destination.”