Turkey’s self-inflicted currency meltdown - Asia Times

Turkey’s self-inflicted currency meltdown The Erdogan government’s risky strategy runs counter to most conventional thinking on how to tackle inflation By ALEXANDRA DE CRAMER DECEMBER 3, 2021 In less than a year, the Turkish lira has lost up to 45% of its value against the US dollar. The continued meltdown of the currency is one of the worst economic crises Turkey has ever faced. Yet the government refuses to take a step back from its failing economic policy. More:Turkey’s self-inflicted currency meltdown - Asia Times