Question: That's right! We know that because we need more lira to buy a dollar in June than we needed in January. Let's go out another

That's right! We know that because we need more lira to buy a dollar in June than we needed in January.
Let's go out another six months.
Sydney Peters
Allison Bailey, looking at the value of the Turkish lira relative to the U.S. dollar over the course of 2021, what can you say about how it will affect the price of Kevvet Pharmaceuticals' imports that are priced in dollars?
Materials on the right have been updated
The value of the Turkish lira has fallen by 90 percent so the imports should be a lotrheaper!
They now need more than 13 lira to pay for what used to cost just over 7!
The lira has almost doubled in value giving us a lot more buying power.
US Dollar vs. Turkish Lira
That's right! We know that because we need more lira to

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