2013 is the time where The Federal Reserve of USA (The Fed) make tapering policy ( stopping quantitative easing policy that started in 2008 ) this lead to USD appreciation across many developing countries currencies, including Indonesian Rupiah. Rupiah fall from around 9500 Rupiah per USD into 14.000 Rupiah per USD.
what about Indonesian Rupiah between 2013 and 2021 ?
1 USD has risen to 14.525 Rupiah from 9400 Rupiah between 2013 and 2021
1 USD has risen to 13,8 TL from 1,8 TL between 2013 and 2021
Turkish currency dropped by 766% ..... ( this is not normal )
1 USD has risen to 1,8 TL from 1,3 TL between 2003 and 2013
in 2013 , USA changed its policy in Syria to start supporting PKK/YPG Terror organization for destroying Syria's and Turkiye's territorial integrity
since 2013 there is asymmetric-economic war between Turkiye and USA-İsrael-France and their proxies/terrorists
-- 2013 Gezi Park rebellion
-- 2013 FETO's judical coup attemp
-- 2015 PKK's big rebellion in 22 cities
-- 2015-17 ISIS's 14 major terror attacks in Turkey
-- 2016 FETO's military coup attempt
-- 2017-2018 TRUMP's attack on Turkish Economy
Lira fall is due to the tapering policy and weak of Turkish economic fundamental. It is getting worst since Erdogan order Turkey Central Bank not to increase rate, even he orders Turkish Central Bank to decrease it further in this tapering environment, it makes people inside and outside Turkey bet on USD raise and Lira fall, while public and businesses in Turkey will buy USD. This will lead to further fall of Lira.
Turkish economy is one of the fastest growing Economy in OECD in the last 10 years
but attacks on Turkish currency by USA
ERDOGAN lowered interest rate from 24% to 4,9% between 2003 and 2013
but 1 USD has risen to 1,8 TL from 1,3 TL between 2003 and 2013
thats all about politics even Financial Times said , problem is not Turkish economy , Problem is Erdogan
in 2018 TRUMP attacked Turkish currency to save CIA agent BRUNSON
( and 1 USD has risen to 7,2 TL from 3,6 TL in 3 months )
in 2021 BIDEN attacks Turkish currency again to save another scum OSMAN KAVALA
( and 1 USD has risen to 13,8 TL from 8,2 TL in 3 months )
even TRUMP said that I attacked Turkish economy to save BRUNSON
Also BIDEN attacks Turkish currency to start economic crisis in Turkiye to beat Erdogan in 2023 elections
and FETO , CHP , TUSIAD , etc are buying-selling Dollars for the dollar to rise