>> As Turkey's lira crisis intensifies in Istanbul, some shop for pleasure at the expense of others' pain.>>
> I'm trading but my business is disrupted because I sell imported goods. So we'll update the prices that day because the prices we pay increase by 20% due to the currency fluctuation. Eventually people will be affected by that.>> The lira has been falling into the last decade with key events like Erdoğan reelection.
A leader also lashing out a quote, economic terrorist on social media after the countries interior minister. Warned they won't tolerate negative posts about the weakening lira. 346 accounts are being investigated. While the plunging lira may be good news for visiting tourists, with customers lining up to grab a bargain, it likely won't take long for locals, who want imported goods, to feel the effects.
And 2016's attempt to coup, causing it to drop sharply in recent years. The ongoing fallout with the US has raised fears the country's descending into an economic crisis. The US and Turkey disagree over a host of issues, from Syria to weapons sales. But lately the focus has been on the fate of US pastor Andrew Brunson, on trial in Turkey.
Reuters bureau chief Dominic Evans.>> It is difficult to see how either side can back down or reach agreement on this. The United States says Brunson is an innocent man, he's effectively a hostage in Turkey, and is demanding that Turkey release him. Turkey says he's facing terrorism charges.
There is a court process, and he must go through that process before any action is taken.>> The Turkish central bank has pledged to provide liquidity to help keep money moving, but analysts say the crisis has been a long time coming. And it's not clear Turkish leaders have a plan in place to prevent it worsening.