Yes, very hard to believe...:) The Turkish Central Bank (TCB) and Ben Bernanke have managed to make Turkey the only affordable tourist destination for Americans..
The TCB has been following a quite weird monetary policy of record low interest rates (to keep hot money away) and high reserve requirements on banks (to tighten consumer lending). The market is not really buying this weird policy, and seems to be asking for a more straightforward interest rate hike, which is not forthcoming.
If that 1 USD=1.735 Turkish Lira on July 25th was the panic top for this year, then TKC has a chance of climbing up, if not then it will stay under pressure due to additional issues of board disputes, cut throat competition in the Turkish mobile market, declining margins etc. But if Bernanke sends in another QE3 in Fall to kill the USD, and board dispute is resolved by that time, then TKC can easily see 15.50-16.00.