>"Kaushik Basu explains why soaring prices fuel popular anger in a way that no other economic indicator can."

Turkey's Lira has been devaluing for years but really started ramping up in 2008 and then 2014. In 2021 Erdogan fired the finance minister because he didn't like the way the central bank wanted to curb the currency's runaway. Erdogan's plan _...Read More_

"Erdoğan’s quixotic policies are putting pressure on prices, but now fallout from Ukraine is pushing the country towards crisis"

What a mess the lira is in. They are now asking people to give them their gold too! I'm not sure I'd be giving up my gold. "Turkey’s minister of treasury and finance, Nureddin Nebati, also announced a step to encourage people to bring gold _...Read More_

>"Prices of consumer goods spiked 11% from the previous month, according to the Turkish Statistical Institute, higher than analysts' _...Read More_

"Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up a beleaguered economy crippled by skyrocketing consumer prices, instead of ending a much-criticized plan to cut interest rates"

"With the economy in freefall and allegations of political interference, people have taken to the streets to advocate for federal future"

"Şebnem Kalemli-Özcan argues that the country’s unconventional monetary policy will aggravate the problems it is meant to solve."

"President Erdogan’s voodoo economics have put taxpayers on the hook for billions."

"Erdogan’s adherence to the Quran’s commandment prohibiting paying interest on money is destroying the lira’s value."

>"A depositor run on the dollars held in Turkey’s banking system or the country’s banks losing access to _...Read More_

"As the value of the lira plummets and inflation soars, Turkish citizens are struggling to adapt and survive"

"Anne O. Krueger catalogues the miseries caused by an authoritarian president's crackpot economic theories."

>"The latest slide prompted the central bank to sell dollars to defend the lira for the fourth time this month."

>"The rapid devaluation of Turkey’s lira is rippling throughout the country’s private sector."