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On 15 August 2018, Qatar pledged to invest $15 billion in the Turkish economy making the lira rally by 6%. [122] [121] On 29 November 2018, the Turkish lira hit a 4-month high in value against the US Dollar. It recovered from 7.0738 against the dollar to 5.17 on 29 November, an increase of 36.8%.
The COVID-19 pandemic in Turkey is part of the ongoing pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first case in Turkey was recorded on 11 March, when a local returned home [ note 1 ] from a trip to Europe. [ 4 ]
The Turkish currency was characterized by a plunging value of the Turkish lira, high inflation, rising borrowing costs and corresponding loan defaults. In 2018, the lira's exchange rate accelerated deterioration, reaching a level of US$4.5/TRY by mid-May.
[18] [19] [20] The Turkish lira partially recovered in early 2021 with the government's increase in interest rates. However, the currency began to crash due to inflation and depreciation starting on 21 March 2021, after the sacking of Central Bank chief Naci Ağbal. The Turkish lira reached a then-all-time-low of ₺8.8 to the dollar on 4 June.
While COVID-19 increased mortality in general, different countries experienced dramatically different impacts on birth rate. Birth rates in the US declined, whereas Germany's reached an all-time monthly high. [86] Some in China had initially thought that their COVID-19 lockdowns would boost birth rate, but that prediction was proven wrong. [87]
The Turkish lira has fallen more than 10% against the dollar after a Turkish delegation in Washington failed to prevent US sanctions. There are concerns that contagion could spread to Europe.
For the Netherlands, based on overall excess mortality, an estimated 20,000 people died from COVID-19 in 2020, [10] while only the death of 11,525 identified COVID-19 cases was registered. [9] The official count of COVID-19 deaths as of December 2021 is slightly more than 5.4 million, according to World Health Organization's report in May 2022.
In her new book Cher: The Memoir, Part 1, out Tuesday, Nov. 19, the entertainment legend opens up about the downfall of their marriage. Cher and Bono were 16 and 27, respectively, when they met.