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Turkish Lira Erdogan. Turkish lira plunges to a historic low and protests erupt after Erdogan defends rates cuts The Turkish lira has dropped 40 per cent in value since the start of the year shedding as much as 15 per. The Turkish lira whipsawed on Monday after President Recep Tayyip Erdogan rejected warnings from business on the dangers of recent interest rate.
Erdogan Urges Turks To Convert Foreign Currency Turkish Lira Dollar Money Magnet from in.pinterest.com
Anti-Empire 23 Nov 21 515. The lira surged more than 20 after Erdogans speech before trimming some of. In 2013 one US dollar would have bought you fewer than 2 Turkish liras.
By the summer of 2021 one US dollar would have already bought you 8 Turkish liras.
Turkeys experiment in cutting interest rates to fight inflation has sent its currency crashing to record lows this year. Turkish lira rebounds after Erdogan promise to help deposits. The Turkish lira whipsawed on Monday after President Recep Tayyip Erdogan rejected warnings from business on the dangers of recent interest rate. AP Tuesday 21 Dec 2021.
