binance left Coinmarketcap net_left adver left

Turkish market run by at-risk women at standstill after lira crash

Monday, December 27, 2021

(Refiles to clarify in headline that market is run by at-risk women)

By Umit Ozdal

DIYARBAKIR, Turkey (Reuters) -Hazal Tunc and her friends founded Turkey's first women-only street market eight years ago to help victims of domestic violence and divorcees, and it has provided them with jobs and security - until now.

Like organisations and companies across Turkey, the market has seen business shrivel dramatically as a result of a currency crisis in which the lira has lost as much as 48% of its value in the past two months alone.

The market in the mainly Kurdish southeastern city of Diyarbakir enjoyed buoyant trade in its early years but declined in the last two, particularly in the last six months as the lira crash has sent prices soaring and ravaged household budgets.

"Sales have come to a complete standstill. In the past, customers used to buy two kilos of carrots. Now they come and buy three carrots," said Tunc, 46, a mother of three who helped found the market for fruits, vegetables and handicrafts.

The lira crisis was prompted by President Tayyip Erdogan's push for lower interest rates despite a sharp increase in inflation and warnings from economists.

'EVERYONE HAS GIVEN UP'

In happier days, up to 256 women made a living selling their wares at the street market, but that has dwindled to 69.

"People's purchasing power is almost completely gone - and so is our selling power," Tunc said. "Everyone has given up."

The lira staged a sharp rebound last week after the government unveiled a deposit-protection plan, and the state backed a series of market interventions selling billions of dollars.

Tunc was unimpressed.

"If they (the government) could intervene, why did they wait three months, four months?" she said. "Many people committed suicide, they went into debt. If (the government) could solve this, why didn't they do it?"

One week ago, before the government moves, one dollar was worth 18 lira. On Monday it was worth 11.4 lira, though still down 35% from a year ago.

Economists say the lira remains vulnerable, and with it people's living standards. Annual inflation is expected to jump toward 30% next year from 21% last month, as import prices soar and retailers cover rising goods, energy and labour costs.

Vegetable vendor Hanim Dogan said people now struggled even to buy basic food items.

"In the evening bread costs 4 lira, and the next morning it is 7 lira. People are stumped and don't know what to do. A person who bought 5 kilos of oranges before, now buys 1 or 2 kilos," she said.

"The financial situation has become very difficult."

Leave your comment
ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
26-01-2022 08:28:53 (UTC+7)

EUR/USD

1.1277

-0.0022 (-0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.1277

-0.0022 (-0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.3508

+0.0012 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

114.26

+0.41 (+0.36%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

AUD/USD

0.7171

+0.0024 (+0.33%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (1)

USD/CAD

1.2572

-0.0055 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

128.85

+0.20 (+0.16%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

EUR/CHF

1.0384

+0.0010 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,847.15

-5.35 (-0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Silver Futures

23.975

+0.079 (+0.33%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Copper Futures

4.5225

+0.0725 (+1.63%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

86.86

+1.26 (+1.47%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (4)

Brent Oil Futures

88.41

+1.23 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

Natural Gas Futures

4.149

+0.255 (+6.55%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

US Coffee C Futures

240.60

+2.70 (+1.13%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (6)

Euro Stoxx 50

4,186.15

+107.89 (+2.65%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

S&P 500

4,356.45

-53.68 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

DAX

15,516.71

+392.84 (+2.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,512.27

+140.81 (+1.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

Hang Seng

24,289.90

+46.29 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

2,004.80

-28.71 (-1.41%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (8)

IBEX 35

8,675.38

+195.88 (+2.31%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

BASF SE NA O.N.

67.885

+2.555 (+3.91%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Bayer AG NA

51.81

+0.99 (+1.95%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

Allianz SE VNA O.N.

224.97

+4.92 (+2.24%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

Adidas AG

246.85

+9.10 (+3.83%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

Deutsche Lufthansa AG

7.069

+0.392 (+5.87%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Siemens AG Class N

142.73

+4.21 (+3.04%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

11.490

+0.416 (+3.76%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1277↑ Sell
 GBP/USD1.3508↑ Sell
 USD/JPY114.26↑ Buy
 AUD/USD0.7171Buy
 USD/CAD1.2572↑ Buy
 EUR/JPY128.85Sell
 EUR/CHF1.0384Neutral
 Gold1,847.15↑ Buy
 Silver23.975↑ Buy
 Copper4.5225↑ Buy
 Crude Oil WTI86.86↑ Buy
 Brent Oil88.41↑ Buy
 Natural Gas4.149Neutral
 US Coffee C240.60Neutral
 Euro Stoxx 504,186.15↑ Buy
 S&P 5004,356.45↑ Sell
 DAX15,516.71↑ Buy
 FTSE 1007,512.27↑ Buy
 Hang Seng24,289.90↑ Buy
 Small Cap 20002,004.80↑ Sell
 IBEX 358,675.38↑ Buy
 BASF67.885↑ Sell
 Bayer51.81↑ Buy
 Allianz224.97↑ Sell
 Adidas246.85Neutral
 Lufthansa7.069Buy
 Siemens AG142.73Sell
 Deutsche Bank AG11.490Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,190/ 6,240
(-5/ -5) # 1,175
SJC HCM6,180/ 6,245
(-10/ -10) # 1,179
SJC Hanoi6,180/ 6,247
(-10/ -10) # 1,181
SJC Danang6,180/ 6,247
(-10/ -10) # 1,181
SJC Nhatrang6,180/ 6,247
(-10/ -10) # 1,181
SJC Cantho6,180/ 6,247
(-10/ -10) # 1,181
Cập nhật 26-01-2022 08:28:55
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,847.59-2.15-0.12%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$86.78-3-3.46%
Brent$89.48-2.55-2.85%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.460,0022.770,00
EUR24.918,8126.315,80
GBP29.789,2431.061,45
JPY192,82204,12
KRW16,3519,92
Cập nhật lúc 18:54:49 26/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right