The inexorable decline of the Turkish lira under Erdogan
Written by
Eshe Nelson
June 25, 2018
Turkey’s long-standing leader is standing over a long decline of the nation’s currency. Since Recep Tayyip Erdogan first became prime minister in 2003, the lira has lost 65% of its value against the US dollar. As it looked increasingly likely that Erdogan would extend his time as president—a position he’s held since 2014—the lira has tumbled lower.
More:The Turkish lira has lost two-thirds of its value under Recep Tayyip Erdogan — Quartz
