Is the crash in Turkish Lira a plus for African and Middle Eastern students in Cyprus and Turkey?

It's no news that the Turkish Lira is currently going for almost 6.5TL/$ and this might just be the beginning as the US continue to put pressure on Turkey due to it's continued standoff.

The turmoil makes it difficult for global investors to justify remaining in Europe and it is also negative for emerging markets, and the lira’s relentless depreciation drives up the cost of imported goods from fuel to food for ordinary Turks, and not only Turks but Turkish Cypriots in the north Cyprus.

In Famagusta, a popular roast chicken seller hiked his prices from 15TL to 18TL on Friday, and didn’t rule out a further increase in the coming days.

For some, the currency meltdown has been an unexpected windfall. 

Thousands of African and Middle Eastern students – subsidized by dollars wired to Turkish banks from family abroad – are suddenly enjoying a lira bonanza. You can deny this fact or support it.

For foreign tourists, benefits are being found when out shopping or in restaurants – but most car-hire deals, boat trips and other excursions, as wells as many hotel bars, charge in either euros or sterling.

The crossing point at Ayios Nikolaos has a long queue back into the Republic, past SBA customs, as many locals from the east took advantage of the crisis to go shopping at the huge Lemar hypermarket.

How is it affecting you?