What does the complete "collapse" of the Turkish currency mean to the economy?


2021-11-25: [Article Link] Turkish President Recep Tayyip Erdogan is considered to be "free": since 2019, he has fired the central bank governor three times in order to lower interest rates, and the Turkish central bank has repeatedly cut interest rates when other central banks are raising interest rates, and the drop was…


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.







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What does the complete "collapse" of the Turkish currency mean to the economy?


2021-11-25: [Article Link] Turkish President Recep Tayyip Erdogan is considered to be "free": since 2019, he has fired the central bank governor three times in order to lower interest rates, and the Turkish central bank has repeatedly cut interest rates when other central banks are raising interest rates, and the drop was…


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.