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Turkish lira plunges to record low as Erdogan doubles down on economic policy his critics call ‘crazy’

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The lira, which has lost 45% of its value for the year, fell to 13.45 against the dollar late in the afternoon, although it later recouped some of its losses. Many blame the policies of Erdogan, who pushed Turkey’s central bank to keep interest rates low, despite its devastation to the country’s currency.

https://www.washingtonpost.com/world/2021/11/23/turkey-lira-inflation/?utm_source=rss&utm_medium=referral&utm_campaign=wp_world Turkish lira plunges to record low as Erdogan doubles down on economic policy his critics call ‘crazy’

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