Macro and Politics
Tacirler Investment
*The Real Effective Exchange Rate (REER) decreased further from the revised level of 70.02 to 69.36 in July. Accordingly, the Turkish lira registered a real depreciation of 0.9% in July. Having been on a weakening trend in real terms since February, the Turkish lira has posted a cumulative real depreciation of 8% over the past six months.