This is what currency collapse looks like.
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‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis

ISTANBUL — Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide.

The currency has lost more than 45 percent of its value this year, and nearly 20 percent in the last week, continuing its downward trend on Tuesday.

“Our purchasing power dropped — our money has no value anymore,” she said.

Business has stalled around the country as inflation scares away domestic shoppers and causes producers to hoard goods.

Shortages are emerging, including in imported medicines and medical equipment, and even at bakeries, Mr. Yesilada, the analyst, said. A loaf of bread still sells at 2.5 liras, or about 20 cents, but bakeries are complaining that their costs are closer to 4 liras a loaf, he said. “Soon they are going to shut down bakeries and then we are going to have bread riots,” he said.

#Inflation #FoodPrices

https://dnyuz.com/2021/11/30/our-money-has-no-value-frustration-rises-in-turkey-at-lira-crisis/