As the Turkish currency accelerates depreciation, Apple has temporarily suspended sales of its products in Turkey. Currently, Apple’s official online store is still operating in Turkey, but due to currency fluctuations, it is currently impossible to add any devices to the shopping cart or purchase.
The Turkish lira is currently equivalent to approximately US$0.078. It has depreciated by nearly 40% this year, and it has depreciated by 20% last week alone. In the past year, the lira has fallen by 45% against the U.S. dollar.
There is no news on when Apple will resume sales in Turkey, but the inflation rate is close to 20%, and Turkish President Erdogan refuses to raise interest rates, the decline may continue.
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