'Turkish lira loses four times its value in 13 years'

Duvar English

Our Turkish Lira with its wounded convertibility

On the second anniversary of Turkey's transformation into a presidential system, the main opposition Republican People's Party (CHP) has prepared a report detailing how the country stands in the ensuing years, finding that the Turkish lira has lost four times its value since 2007.  

In a 2019 report by the Freedom House, Turkey scored 31 out of 100 and was deemed 'not free', just edging ahead of countries such as Iraq and Pakistan. Of the 41 Organization for Economic Cooperation and Development (OECD) countries, Turkey was ranked last in terms of political rights and freedoms, while it came in 129^th out of 149 countries regarding freedom of expression in 2019. 

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While Turkey ranked 50^th in judicial independence in 2007 out of 126 countries, it plummeted to 104^th place last year. 

According to the World Bank, Turkey ranked 34^th of 38 OECD countries when it came to wealth distribution, and 40^th out of 41 countries in social justice. 

As of 2020, the number of unemployed university graduates in Turkey reached the 1.5 million mark, and one in three employed university graduates are not working in the field in which they studied. 

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