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.
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Turkey’s self-inflicted currency meltdown - Asia Times