Ostensibly, goods imported and bought with USD will have their prices inflated, while locally produced goods and services should remain more or less unchanged.
This also means that exported goods are effectively cheaper for international buyers, so export volume goes up.
> while locally produced goods and services should remain more or less unchanged.
This is not true for Turkish Lira because EVERYTHING is dependent on foreign currencies at some point. For example local agricultural goods shouldn't be affected, but all the machines in production line are imported, all their servicing equipment are imported. If one simply goes unofficial (e.g. Finding someone to service their machines totally in Turkey), even iron is based on foreign currencies as almost everything is either imported or owned by a foreign company (as the government sold everything to non-Turkish entities). Fuel is also imported and is directly correlated with foreign currencies. At the end of the day, everything, even local goods, is tied to foreign currencies.
It's not a one time thing. It's a convergent process.
It provides advantage as long as the currency is in that deprecated state. Basically the same work will cost less in the depreciated currency. This causes demand for that work, which causes appreciation of the currency.
> This also means that exported goods are effectively cheaper for international buyers, so export volume goes up.
That's Erdogan's theory. However in reality nothing stays cheap because anything Turkey produces has large component of imports, be it energy, parts or machinery etc. because the country is not a petrostate.
The only thing that can stay cheap is the labour but that labour can stay cheap only if it sees huge drop in life quality since the stuff the people consume(petrol, cars, electronics etc.) see huge price increases.
You simply can't keep the wedge of a worker at 5000 when the iPhone prices increase from 7000 to 11000, car prices jump from 200K to 300K and gas from 6 to 9.
> while locally produced goods and services should remain more or less unchanged.
What usually happens is that since oil is denominated in USD, the price of fuel and transportation rises when a currency weakens and that increases the price of locally produced goods as well.
This is felt especially acutely because most Turkish debt is denominated in foreign currency (~70%) and the vast majority of trade is as well (I remember 85% but can't find a source). So inflation is felt immediately.
Supporting thousands of users from a huge firm, while only charging them $49, is not a problem you want to have. You're just giving away resources at that point.
$49 for thousands of users is basically free. For a CRM, a company with a 2000 seat license should be paying well into the tens of thousands of dollars a year, if not significantly more.
The same fundamentals used in facial recognition can be applied to 3D pose estimation for gait recognition. This allows identification of a person without biometric features like a face or iris [1].
Facial recognition is used as a catch-all term because it's easily understood, but the deep-learning behind it is much more widely applicable.
This also means that exported goods are effectively cheaper for international buyers, so export volume goes up.