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Brits cashing in on Turkey’s lira fall

The holiday cost of living in Turkey has fallen by as much as 50%.

The lira rallied last week after hitting a low of nine lira to the pound on Monday, but visitors are getting excellent value, according to Post Office Travel Money.

Last August, £1 bought 4.3 lira. Late last week, it bought 7.3 lira.

Data from Post Office Money as reported in The Times, shows prices in Marmaris are 21% lower than in Sunny Beach, Bulgaria with dining costs down by 50%, beer 40% cheaper and the price of a glass of wine dropping from £2.72 to £1.92.

The lira’s collapse followed US president Donald Trump’s decision to raise tariffs on imports of Turkish steel and aluminium.

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