Turks in Germany are also supporting the local currency campaign launched in Turkey, by accepting Turkish liras as well as euros for their services.
Last week, President Recep Tayyip Erdoğan invited Turkish citizens to convert their foreign currency savings to Turkish lira in order to protect the local currency against the rising U.S. dollar.
Erdoğan's intervention was welcomed not only in Turkey but also in Europe, stopping the local currency's relapse. Some converted their euro savings into Turkish liras, transferring them to bank accounts in Turkey, while others, such as the tradesmen in Frankfurt, started their own pro-lira campaign.
Tradesmen on Münchener Street, where many shopkeepers of Turkish descent can be found, accept Turkish liras as an alternative payment method to euros, Anadolu Agency reports.
Adem Ayar, a hairdresser in the center of Frankfurt, hung up an announcement at his door saying "We accept Turkish lira!".
A fish restaurant owner on the same street, Vedat Elmalı, explained his decision to support the currency campaign saying: "One needed to take the first step, so that others followed. That is our aim."
Elmalı added that others should also support the "national issue", even if it is only symbolically.
The lira suffered heavily prior to Erdoğan's intervention due to global currency volatility in the wake of Donald Trump's presidential victory, as did many other currencies, particularly the Mexican peso.
As President Erdoğan initiated a nation-wide call to boost the value of the lira against foreign currencies and remove tpressures, many people across the country flocked to exchange offices to convert foreign currencies into Turkish lira.
The campaign to exchange the dollar also secured support among various public institutions and commercial entities, which converted their assets in foreign currencies into lira or have started to carry out transactions in the country's local currency.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.