A few days ago, Turkey announced a new exchange rate policy, which caused the lira to plummet by more than 20%. As a result, prices skyrocketed so much that Apple had to stop selling products like the iPhone.
A few days ago, Turkey announced to lower the interest rate again to 15%, resulting in the devaluation of the country's currency. On the 23rd, the devaluation of the currency was 20%, which seriously affected the local prices. The only beneficiary was overseas daigou, who bought high-priced products while taking advantage of the devaluation of the currency. Consumers cannot add any device to their shopping cart or purchase it.
Now that Apple has resumed sales of iphones, ipads and other products,But in response to currency changes, prices in Turkey rose 25%, making up for the devaluation.
The Turkish lira has lost 40 percent of its value this year and more than 80 percent over the past five years because of the currency devaluation. In 2015, a Turkish lira was worth 2.7 yuan, but now it is worth 0.5 yuan.