Our pick of the news from Fethiye and around Turkey over the last week.

Newspaper 

Turkey’s lira crisis explained

Fethiye Times News – Week Ending 11 August 2018

The Turkish Lira has hit record lows, creating a headache for the country’s president and pushing up prices on everyday items.

The value of Turkey’s currency has nosedived since January and has lost more than 34% of its value against the dollar.

It hit a record low on Friday, reaching 6.30 to the dollar (8.20 to the pound).

A combination of factors, according to experts, have led to fears the country is sliding into an economic crisis.

For a start, investors are worried that Turkish companies that borrowed heavily to profit from a construction boom may struggle to repay loans in dollars and euros, as the weakened lira means there is now more to pay back.

Then there are Turkey’s worsening relations with the US. Donald Trump’s administration hit its justice and interior ministers with sanctions last week, a reaction to the detention of American pastor Andrew Brunson, who has has been held for nearly two years over alleged links to political groups.

The US dealt Turkey and the lira a further blow in a tweet on Friday, in which Mr Trump said he had approved the doubling of tariffs on Turkish steel and aluminium…

Click here to read the full article

Source: BBC News

Holidays to Turkey rise as lira hits record low against pound

Fethiye Times News – Week Ending 11 August 2018
Ölüdeniz, Turkey

As sterling remains stubbornly weak against the euro and dollar, UK holidaymakers find their money goes much further in Turkey, and travel firms are already reporting a rise in bookings for 2018

Taking a holiday in Turkey has become much cheaper, with the lira falling by 34% over the past year to hit a record low against the pound. Holidaymakers will now get *820 lira for £100, compared with 460 last year (both before exchange fees).

*exchange rate as of Friday 10 August 2018.

The lira’s fall comes as the pound slumped to its lowest level against the euro and US dollar this year, and holidaymakers are being warned against exchanging pounds for euros at airports – where they will get less than a euro for a pound.

TUI reports Turkey as a top European destination for UK tourists this summer: it ranks third after Spain and Greece, with Italy fourth and Cyprus fifth and is “well and truly back on the map as a top summer holiday location”. A spokesperson said today that they have “certainly seen an increase in bookings to Turkey”.

Source: The Guardian

Will Butterfly Valley get a viewing platform?

Discussions are taking place as to whether a viewing platform should be provided above Butterfly Valley in the Faralya district near Ölüdeniz.

The debate comes after a pregnant woman fell to her death in June whilst taking a selfie on the cliffs above the valley. There have also been several other accidents.

Faralya Muhtar (Head of Village), Hasan Karaburun, said that a decision needs to be made as people, even knowing the danger, are still putting their lives at risk to to take photographs.

Source: SonDakika

Turkey moves historic bath house to avoid looming flooding of town

Turkish authorities on Monday conducted a hugely sensitive operation to move a centuries-old bath house weighing 1,600 tonnes to new location to avoid being engulfed under floodwaters by a controversial dam project.

The Artuklu Hamam bath house in the southeastern town of Hasankeyf was loaded onto a wheeled platform and then moved down a specially constructed road to a new location in a process that took several hours.

Much of Hasankeyf will be under water or risk damage in the next years because of the development of the Ilisu Dam project, which aims to drastically improve energy supplies for the Kurdish-dominated southeast.

The moving of the Artuklu Hamam, which reports said is at least 650 years old, is the latest such transfer of a major historical building in the area to avoid being buried underwater.

In May 2017, Turkey moved the 15th century, 1,100 tonne tomb of Zeynel Bey, a Turkic tribal leader, also on a special platform to avoid being buried by the floodwaters.

Both historic buildings have been moved around 2km (over one mile) to an archaeological park being set up just outside the town.

Source: theSundaily

Sport

Fethiyespor

Thank you to Brian Lloyd for the Fethiyespor updates.

Fethiyespor 2018/19 season shirts available now

The new season shirts are now available form the Fethiyespor store near the harbour.

Fethiye Times News – Week Ending 11 August 2018

Navy Blue: 110 TL

White: 90 TL

Navy Blue/White striped: 100 TL

For more information about Fethiyespor please visit Fethiyespor Yabancilar on Facebook.

Turkish Money

Turkish Lira (TL) exchange rates:

The British Pound bought 8.20 TL by the close of business on Friday. The week before it was selling for 6.62 TL.

The US Dollar bought 6.42 TL by the close of business on Friday. The week before it was selling for 5.05 TL.

The Euro bought 7.34 TL by the close of business on Friday. The week before it was selling for 5.88 TL.

Source: FxexchangeRate.com

Weather Forecast

Here’s your weather forecast for the week ahead.

Fethiye Times News – Week Ending 11 August 2018

Today’s featured photograph is by Natalia Alpatova

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