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It all began with Erdogan harassing the independence of the central bank for years then doubling down on it and saying something along the lines of that he will make them lower the interest rates. Basically every time he said something dumb the markets reacted. On top of that economic issues like debt or the current account deficit, US threatening and applying sanctions because of the US pastor, S400 and the looming sanctions and much more.
Many emerging markets and their currencies performed bad in the last years, but as far as I know Turkey is only second to Argentina and they were again on the verge of hyperinflation and raised their interest rates to 40%.
Or you can choose to believe that its the interest rate-mafia or the jews/zionists. At least thats what pro government media will tell you.
Many emerging markets and their currencies performed bad in the last years, but as far as I know Turkey is only second to Argentina and they were again on the verge of hyperinflation and raised their interest rates to 40%.
Or you can choose to believe that its the interest rate-mafia or the jews/zionists. At least thats what pro government media will tell you.