If local observations are anything to go by, it appears very much to be a case of ‘business as usual’ for Türkiye’s suitcase trade – despite the severity of the country’s economic problems.

For years, money has haemorrhaged out of Türkiye through corruption and the country’s numerous ‘trap-door’ banks. However, business confidence has all but evaporated since February, when a spat between the Prime Minister, Bulent Ecevit, and the President, Ahmet Sezer spilled over in the markets and sent the country’s economy into freefall.

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