Financial Tribune - Over the past week, the value of Turkish lira collapsed yet another time.

At first glance, this seems like a problem peculiar to Turkey, but economists are warning that the Turkish lira�s slide will have a ripple effect on Iran�s economy.

�The 40% drop in the Turkish lira in recent months could escalate the outflow of currency from Iran toward the neighboring country�s real-estate market.

The Central Bank of Iran needs to take into account the new developments and their knock-on effects on Iran�s economy. On top of that, cheap imports [of consumer goods] from Turkey might lead to an even more alarming situation for the manufacturing sector in Iran,� he said.