Apple halts online sales in Turkey due to low lira rate

Apple halts online sales in Turkey due to low lira rate Apple has temporarily suspended online sales of its devices in Turkey as the lira exchange rate sharply dropped
Business
November 24, 2021 13:16
Apple halts online sales in Turkey due to low lira rate

Apple has temporarily suspended online sales of its devices in Turkey as the lira exchange rate sharply dropped, Report informs referring to AppleInsider.

Apple has not announced an official halt to sales, but online shopping appears to be temporarily unavailable due to economic instability in the region.

While the online storefront is currently live and displays complete product listings, specifications and prices, customers are unable to add items to their cart. Instead, the website reports nearly all devices as unavailable.

Turkey’s lira crashed 15% on November 23, a day after President Recep Tayyip Erdogan said there would be no backing down from a contentious monetary policy that has seen the country’s central bank slash interest rates amid soaring inflation. The lira traded at a record low of 13.44 to the dollar before recovering to 12.86 against the dollar later in the day, Reuters reports.

It is unclear when Apple will reverse course and restart online sales in the country, but it could be some time given the ongoing economic strife.

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