The Turkish lira has lost roughly 47% of its value in the last full year, in a rout driven by Erdogan’s refusal to raise interest rates.
Source: Turkey’s inflation rate hits a new 20-year high of 54%
The Turkish lira has lost roughly 47% of its value in the last full year, in a rout driven by Erdogan’s refusal to raise interest rates.
Source: Turkey’s inflation rate hits a new 20-year high of 54%