What the lira collapse means for Turkey’s economy

Gagnoncharlotte
Nov 26, 2021

Turkish president Recep Tayyip Erdogan’s defence of recent interest rate cuts and declaration of an “economic war of independence” has sent the lira plunging and left analysts wondering how much further he is willing to let the currency fall.

Analysts warn of increased dollarisation, hyperinflation and the rising cost of debt in Turkey.

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Gagnoncharlotte

News, stories, and updates from Middle East and from the world. Critical researcher on migrant governance and human rights in Turkey and in the Mid East.