Explained: Why Turkey's lira is crashing and what it has to do with strongman Recep Tayyip Erdogan

SHARE:

This week saw Turkey's lira plunging as low as 14 to the US dollar and hitting fresh lows against the euro.

The country is facing its worst currency crisis since August 2018, when the lira hit historic lows during a row with then US president Donald Trump.

But why is this happening? And does it have anything to do with Turkey's strongman President Recep Tayyip Erdogan?

Let's examine this further:

What happened?

The lira has lost more than 40 percent of its value against the dollar since the start of the year and the annual inflation rate has reached nearly 20 percent, quadruple the government's target.

Yikes.

Could you explain that in simple terms?

Sure. The Turkish minimum wage was worth around $380 in January and after Tuesday's volatility, it is now worth $224 based on a net monthly wage of 2,825.90 liras.

Why is this happening?

Because the Turkish central bank on 18 November cut its policy rate from 16 to 15 percent – the third such cut since September – despite rising inflation and a fast-depreciating currency.

Okay. But why is the central bank doing this?

In short? Erdogan.

Just last week the Turkish strongman declared that his country was in a "war of economic independence".

Erdogan, an outspoken opponent of high interest rates, has built his popularity on a reputation of forging strong economic growth and improving the income of families across the country.

He is notorious for his unorthodox belief that high interest rates cause inflation instead of helping tamp it down.

And he does a lot more than just talk. Erdogan has already fired three central bank chiefs over ‘policy disagreements’ over the past couple of years and dismissed three monetary policy committee members in October.

Reuters has reported, citing sources, that Erdogan ignored appeals in recent weeks, even from within his government, to reverse policy.

A central bank source said on Tuesday that the executive director of the bank's markets department, Doruk Kucuksarac, had left his post and had been replaced by his deputy, Hakan Er.

Kucuksarac did not immediately respond to a request for comment.

A banker who requested anonymity said Kucuksarac's departure was further evidence of an "erosion and devastation" of the institution after this year's mass leadership overhaul and years of political influence on policy.

What has Erdogan said about his policies?

The Turkish leader defended the policies in an address to the nation after a cabinet meeting.  "We see the game played by those over the currency, interest and price hikes ... and show our will to proceed with our own game plan," he said.

"We will emerge victorious from this war of economic independence with the help of Allah and our people."

In an interview with state broadcaster TRT, Erdogan said there was "no turning back" from the new policy direction.

"We will see that the interest rates will fall markedly and hence there will be an improvement in exchange rates before the elections," he said.

Erdogan predicted inflation would ease and the current account would turn to surplus next year.

"Some people are making efforts to make them seem weak, but the economic indicators are in very good condition," Erdogan said. "Our country is now at a point that can break this trap, there is no turning back."

"Turkey will not live in a trap of exchange rate, inflation and interest rates," he added.

What happened next?

A massive sell-off by nervous investors. Which brought the lira to its record low.

But Turkey’s economy is growing, right?

Yes. The country’s economy grew 7.4 percent year-on-year in the third quarter, according to official data released on Tuesday, boosted by retail demand, manufacturing and exports.

Erdogan and other government officials have stressed that while there may be price pain for a while, the monetary stimulus should boost exports, credit, jobs and economic growth.

So what’s the problem?

Economists say the depreciation and accelerated inflation, which is seen reaching 30 percent next year due in large part to the currency devaluation, will derail Erdogan's plan.

Virtually all other central banks are raising rates or preparing to do so.

November inflation data will be released on Friday and a Reuters poll forecast that it will rise to an annual 20.7 percent, the highest level in three years. read more

What do experts think?

The experts are deeply unimpressed with Erdogan.

Traders have finally been tipped over the edge and completely lost patience with the policies being carried out by the central bank," Craig Erlam, senior market analyst at OANDA, told AFP.

"There's a reason why central banks are independent and this is what happens when the divide is crossed. A perfect storm of politically driven monetary policy, a complete disregard for inflation and other central banks taking a more sensible approach," he said.

"Surely someone in the palace has the guts to tap Erdogan on the shoulder and say, 'hey dude, you really screwed up'," BlueBay Asset Management economist Timothy Ash said in an email to clients.

"'Admit you were wrong, move aside and let someone who knows what they are doing run the CBRT (central bank)'," he said.

"Monetary policy is likely to remain under political influence and not tight enough to significantly reduce inflation, stabilize the currency and restore investor confidence," said credit ratings firm Moody's.

"It's a dangerous experiment Erdogan is trying to run and the market is trying to warn him about the consequences," said Brian Jacobsen, senior investment strategist, multi-asset solutions at Allspring Global Investments.

"Imports are likely to rise in price as the lira falls, making inflation worse. Foreign investment could be scared away, making it harder to finance growth. Credit default swaps are pricing in a higher risk of default," he added.

"Investors are getting more and more nervous. ... It's a toxic brew."

Is Erdogan’s future in peril?

Possibly.

Analysts believe the blizzard of economic misfortunes in the country could put pressure on Erdogan as he prepares for 2023 elections amid signs of consolidation within the Opposition, which has so far failed to seriously challenge him.

With inputs from agencies

Read all the Latest NewsTrending NewsCricket NewsBollywood NewsIndia News and Entertainment News here. Follow us on FacebookTwitter and Instagram.

Also Read

[TRENDING]_$type=ticker$count=9$cols=4$cate=0$color=#0096a9$sp=3500

[RECENT]_$type=list$author=hide$comment=hide$va=0

Name

'Badhaai Do' movie,1,'The Kerala Story',2,'Zeeshan Maggie Point',1,"kerala story",1,@preganest,1,000 Reward,1,1.5K OLED Display,1,10 Million Instagram Followers,1,100W SuperVOOC Charging,1,120W charging,1,50MP Camera,1,67W Fast Charging,1,90s actress,1,AAP,1,Access to Diabetes Care,1,accident,3,Accountability,1,Actor Salman Khan,1,Actress Priyanka Chopra,1,Adobe Firefly,1,aerospace innovation,1,AI Chatbot,1,AI Features,1,AI image generators,1,AI Technology,1,Air Gestures,1,Air India,1,Air Quality,1,aircraft manufacturing,1,Al Nahyan royal family,1,Alia Bhatt,3,All-Round Performance,1,Allegation Credibility,1,alternatives,1,Amazon,2,Amazon Prime,1,ambassador recall,1,Ameesha Patel,1,Amit Shah,4,Android 14,3,Android 15,1,Android Features,1,Android Security Patch,1,Animal Movie,1,Ankita Lokhande,1,Annadhivas,1,Anthony Hopkins,1,anti-incumbency,1,anti-Muslim bias,1,Anurag Singh Thakur,1,Anushka Sharma,1,App Store,1,App-Based Taxis,1,Apple,1,Apple Supply Chain,1,Arakan Army,1,Arbaaz Khan,1,Arjun Tendulkar,1,Arshia Goswami,1,Article,4,Artistry,1,Arvind Kejriwal,1,ASUS Zenfone 11 Ultra,1,Atishi Marlena,1,Atlee Kumar,1,availability,2,aviation,1,aviation sector,1,Award Show Glamour,1,Ayesha Khan,1,Ayodhya,3,Ayodhya Ram Temple,1,Ayodhya Temple,2,Ayodhya Temple Trust,1,Ayodhya Temples.,1,Ayodhya Updates.,1,Ayushmann Khurrana,1,Bachelor Stars,1,back pain,1,Bageshwar Dham,1,Bail,1,bank holiday schedule,1,bank offers,1,Banking Sector,1,Barbed wire,1,Battery,1,BCCI,1,Beer Chugging,1,Ben Stokes,1,Bengal Elections,1,Bengaluru,1,Bengaluru.,1,BH registration,1,BH-Series,1,Bharat Jodo Nyay Yatra,1,Bhopal,3,Bhupesh Baghel,1,BIETC,1,Bigg Boss 17,1,Bigg Boss OTT,1,Bigg Boss OTT 2,1,Bihar politics,1,Bike Rider Agastya Chauhan,1,Biocon Ltd,1,birthday,2,BJP,8,Blockbuster,1,Bobby Deol,1,Bobby Deol Viral Video,1,bodyguard missbehave,1,BOE screen.,1,Boeing,2,Bold Fashion Choices,1,Bollywood,5,Bollywood Actor,1,Bollywood Actor MP,1,Bollywood Couple,1,Bollywood Diwali,1,Bollywood Journey,1,Bollywood Stars,1,Bollywood Success Party,1,border tensions,1,borrowing,1,Box Office Collection,1,Box Office Triumph,1,Boxing Champion Mary Kom,1,Brampton,1,bribery allegations,1,BS Yediyurappa,2,Budget Phones,1,budget.,1,Bundelkhand,1,Business,25,BY Vijayendra,1,CAA,1,CAA eligibility,1,CAA Implementation,1,CAIT,1,Camera,1,camera details,1,Camera Enhancements,1,Camera Phones,1,camera setup,2,Cameras,1,Canara Bank Fraud,1,candidate selection,1,Canva Magic Media,1,Career,1,Career Growth,1,Career Setbacks,1,cars,1,Cash Donations,1,Cash for Query Case,1,CBRI,1,CCTV Footage,2,Celebrations,1,Celebrity Celebration.,1,Celebrity Celebrations,1,Celebrity Controversy,1,Celebrity Divorce,1,Celebrity Diwali,1,Celebrity Fashion,1,Celebrity Milestones,1,Celebrity News,1,Celebrity Photo.,1,Celebrity Privacy,1,Central Agencies,1,Ceremonial Preparations,1,Chandrakant Sompura,1,charity match,1,Chhatarpur,1,Chhattisgarh Election,1,childhood memories,1,China,1,China Launch,1,Chinese Stocks,1,Chirag Paswan,1,Christians,1,Christmas Date Night,1,Citizenship Amendment Act,3,Civilian Transition,1,CM Shivraj Singh Chouhan,6,codecanyon,3,Cold Wave,1,Color Options,1,Comedian,1,Comparison,1,Compassionate Release,1,conflict,1,Congress,5,Congress MLA Omkar Singh Markam,1,Connectivity,1,Consecration Ceremony,1,constitutionality,1,Construction Engineering,1,Consumer Protection,1,Contenders,1,content regulation,1,Contraception,1,Controversial Movie,1,converting to Islam,1,Core i9-14900KS,1,Corning India,1,Counterclaims,1,couples goal,1,Court Proceedings,1,creativity,1,Cricket,3,cricket comeback,1,cricket legends.,1,Cricket Setback,1,Cricket Trades,1,Crime news,1,Crime-solving,1,Criminal Identification.,1,Cultural Shift,1,Czech court,1,Dakota Johnson,1,Dance Tribute,1,Dance Video,1,DDR5 RAM,1,Deadlifts 60 kg,1,Deceptive Trade Practices,1,Dedication,1,Deendayal Antyodaya Rasoi Kendras,1,Deepika Padukone,2,Defamatory Posters,1,defense personnel,1,Delhi,1,Delhi airport,1,Delhi Chief Minister,1,Delhi Excise Policy,1,Delhi Fire Service,1,Delhi metro,1,Delhi Police,2,Delhi Pollution,2,Delhi Schools,1,Design,1,Design Renders,1,Desktop PCs,1,Development,1,Development Scheme,1,Devotees,2,Dhanteras,1,Dhanteras 2023,1,Dharmapuri.,1,Dharmendra,1,Dhirendra Shastri,2,Diabetes Awareness,1,Diabetes Epidemic,1,Diabetes Prevention,1,Diamond jewelry,1,Diesel Vehicles,1,Dietary Improvement,1,digital art,1,Digital Reconstruction,1,Diplomacy,1,disappearance,1,Disastrous Plastic Surgeries,1,discounts,1,District hospitals,1,Divorce,1,Diwali 2023,4,Diwali a National Holiday,1,Diwali Announcement,1,Diwali bank holidays,1,Diwali Celebration,1,Diwali deal,1,Diwali Gift,1,Diwali Moments,1,Diwali offers,1,documentation,1,Domestic Cricket,1,Donald Trump,1,Donatella Versace,1,DPR,4,drunk driving,1,Dubai woman,1,Durability.,1,early signs,1,Earnings Growth,1,Earthquake-Resistant Design,1,Edge 50 Pro,1,Education / Employment,3,Eid Party,1,Eight-Year-Old,1,Election Commission,4,Election Commission Data,1,Election Dynamics,1,Election Promises,1,election year,1,Elections 2024,2,Electoral Bonds,5,electoral process,1,electoral reform,1,electoral strategy,1,emotional moment,1,Emotional Plea,1,Enchanting Moments,1,Enforcement Directorate,1,Engagement Ceremony,1,England Cricket,1,England Squad,1,Entertainment,27,Entertainment News,4,Entertainment News.,8,Environment,1,Environmental Measures,1,Epic Games,1,Equality in Cricket,1,event,1,event management,1,Exercise,1,Expert Recommendations,1,external payments,1,extradition,1,Exynos 1480,1,Facial Recognition,1,Family Celebration,1,Family Challenges,1,Family Court.,1,Family Planning,1,Fan Frenzy,1,Fan Reactions,1,Fan Reactions.,1,Fashion,1,Fatal Crash,1,Father-Daughter Success,1,Features,4,Female Engineer Uber Driver,1,Fenty,1,Festival Tradition,1,Festive deals,1,Fighter Track,1,Film 'Kisi Ka Bhai Kisi Ki Jaan',1,Film Earnings,1,Film Trends.,1,Filmfare Awards 2023,1,Filmy Proposal,1,Finance Minister Nirmala Sitharaman,1,Financial Assistance,1,Financial Benefits,1,financial transactions,1,Fire Incidents,1,Firecrackers,1,Fireworks,1,first water metro,1,fiscal deficit,1,Fitness Tips,1,Flipkart,1,foldable phone,2,Food,2,Foreign Policy,1,Frantic Search.,1,freak accident,1,free earbuds,1,free food grain scheme,1,Funtouch OS 14,1,Future Gaming,1,Gadar 2 Success,1,Gajakesari Rajyoga,1,Galaxy Z Flip 6,1,Gaming,1,Gaming Industry,1,Geekbench listing,1,Geeta Colony Murder,1,Gemini,2,Gemini AI,1,Gender Equality,1,geopolitical crisis.,1,Geopolitics,1,Ghazipur market,1,Global Cinema,1,Global Health,1,global investments,1,global launch,1,Global Market Outlook.,1,Goa,1,Gold savings,1,Goldman Sachs,1,Google Assistant,1,Google Bard,1,Google Gemini,1,Google I/O 2024,1,Google Services,1,GOP Nomination,1,Gorilla Glass Manufacturing,1,governance efficiency,1,Government,1,Government action,1,government employees,1,Government spending,1,Govinda,1,Graphics,1,Griha Lakshmi Yojana,1,Hadaka Matsuri,1,Hailstorm Warning,1,Hakuto-R,1,Halka Bhoa Outcry,1,Hanuman Symbolism,1,Hard Work,1,Hardik Pandya,1,Health Crisis,1,Health Insurance Deductions,1,health sector,1,Healthcare Awareness.,1,Healthy Lifestyle,1,Hegadadevana Kote,1,Heritage Architecture,1,Hero,1,high-level committee,1,Hilarious Act,1,Hindu Heritage.,1,Hinduism,1,Historic Revival,1,Holiday Love Stories,1,Hollywood Icons,1,Home Loan Benefits,1,Homecoming,1,Honeymoon Change,1,Hong Kong,1,House Fire,1,How-to Guide,1,Hrithik Roshan,1,Hyderabad,2,iconic career.,1,IIFA 2023,1,IIT Indore,1,Immigration Policy,1,in-app purchases,1,Inauguration,1,Income Tax Relief,1,India,11,INDIA Bloc,1,India news,5174,India News https://news24online.com/category/india/,20,India Politics,1,India Test Series,1,India's Richest,1,Indian Actress,1,Indian festivals,1,Indian Government,1,Indian Lottery Industry,1,Indian media,1,Indian Muslim,1,Indian news,33,Indian Ocean Region,1,Indian politics,5,Indian Premier League,1,Indian road tax,1,Indian Shares,1,Indian-Origin,1,Indore,3,Indore court,1,Infrastructure Projects,1,Innovative Fashion,1,Instagram,1,Instagram Celebration,1,instragram,1,Insulin Discovery,1,Intel,1,Interim Budget Presentation,1,international relations,1,investigation,3,Investment Opportunities,1,IPL,1,IPL 2023,2,iQOO Neo 9 Pro,2,Iran,1,Isha Malviya,1,ISRO Technologies,1,IT,1,IT Act violations,1,Jagadguru Rambhadracharya,1,Jagadish Shettar,1,Jagannath Puri Rath Yatra,1,Jairam Ramesh,1,Jammu and Kashmir,1,Japan,1,Jason Roy,1,Jenna Rizzo,1,Jet Airways Founder,1,Jewelry discounts,1,Jiah Khan,1,Job,1,Joy Awards 2024,1,Judicial Response,1,Justice Minister Pavel Blazek,1,Kamal Nath,1,Kamasutra,1,Kanya Vivah-Nikah Yojana,1,Karan Kundra,1,Kareena Kapoor,1,Karnataka,2,Karnataka Assembly Election,1,Karnataka Politics,1,Katrina Kaif,1,Kevin Costner,1,Khalistani terrorist,1,Kiara Advani,1,Kidney failure,1,kidney health,1,kidney issues,1,kidney symptoms,1,Kiran Mazumdar-Shaw,1,Kissing Photos,1,KL Rahul.,1,Kochi,1,Konomiya Shrine,1,Krishna Priya,1,Krishna Shila,1,Kupwara,1,Latest news,1,launch date,2,Launch Event,1,leak,2,leaked design,1,Leaked Video,1,leaks,1,legal battle.,2,legal inquiry,1,Legal Scrutiny,1,Legal Updates.,1,Lekhpal Recruitment,1,Life Changing tips,1,Lifestyle,13,Lifstyle,1,Limitations,1,Liquor Scam,1,Localized iPhone Production,1,Lock Screen,1,Lok Janshakti Party,1,Lok Sabha,1,Lok Sabha elections,1,Lok Sabha Ethics Committee,1,loss of cat,1,Love Jihad,1,Love Story,1,Lucknow,1,Lucky Zodiac Signs,1,Luxury Car,1,Maa Kali',1,Madhya Pradesh,24,Mahakal lok,1,Mahakaleshwar temple,1,Maharashtra housing project,1,Mahatma Gandhi,1,Mahtari Vandan Yojana,1,Mahua Moitra,1,main,19,Make in India,2,Malaysia Airlines,1,Maldives,1,Mamata Banerjee,1,Man naked and garlanded with shoes,1,Manchester City FC,1,Manisha Rani,2,Mantralya,1,Marble Idol,1,Marital Discord,1,Mark Wahlberg,1,Market Trends,1,Marriage Announcement,1,Marriage Dispute,1,Mata Sharda Temple,1,Material Happiness,1,MediaTek Dimensity 7050,1,medical attention.,1,Megha Engineering,1,Men wearing skirt,1,Menstrual Hygiene Day 2023,1,Mercedes CLA 200,1,Meteorological Alert.,1,Meteorological Department,1,Metro Station,1,Mexican Giant Turtle,1,MH370,1,MI Cape Town,1,Microsoft Copilot,1,Mid-range Phones,1,mid-range smartphones,1,Milind Deora,1,Military to Civilian,1,Ministry of I&B,1,Minority Rights,1,Mir,1,missile strikes,1,Missing Child,1,Missing Posters Protest,1,MIT,1,Mizoram,1,Mizoram Chief Minister,1,MK Stalin,1,mob justice,1,Mobile Devices,1,mobile phone,1,Modern Science,1,modular kitchens,1,Money Laundering,1,Monkey Visit,1,Moon,1,Motherboard Compatibility,1,Motorola,1,Movie Premiere,1,MP Election 2023,1,MP Weather Update,2,multi-state travel,1,Multi-Vehicle Collision,1,Multitasking,1,Mumbai,2,Mumbai Party,1,Munawwar Farooqui,1,Murder Investigation,1,Muslims,1,Muttiah Muralitharan,1,Myanmar soldiers,1,Narendra Modi,4,Narendra Modi.,1,Naresh Goyal,1,Narzo 70 Pro 5G,1,National,162,National Paper Airplane Day 2023,1,national security,2,Navlakha,1,NDA alliance,1,Neelam Kothari,1,Netflix Romantic Movies,1,Netherlands,1,New Education Policy,1,New Hampshire Primary,1,Newlands,1,News,1,Nicholas Sparks Adaptation,1,Nick Jonas,1,NightCafe,1,Nikhil Gupta,1,Nikki Haley,1,Nitish Kumar,1,Non-Sporting Obstacle.,1,North India,1,Northeastern Council.,1,Northeastern University,1,nostalgic clash,1,Nothing Phone (1),1,Nothing Phone (2),1,Notice.,1,obscene content,1,ocean trench,1,ODI Wicket,1,Ola,1,On-Screen Parents,1,One Nation One Election,2,One Nation One Number Plate,1,One World One Family Cup,1,OnePlus,1,OnePlus 11 5G,1,OnePlus 12R,2,OnePlus Ace 3V,1,OnePlus Nord 4,1,Online Community,1,Online Security,1,Online Shopping,1,Ontario,1,Ontario Fire Marshal,1,Opposition,3,opposition members,1,Opposition Unity,1,Orange Alert,1,Osho,1,OTT platforms,1,OTT Romantic Films,1,OxygenOS Update,1,P Pitchi Reddy,1,Paarl Royals,1,Pakistan,1,Pakistani Actress,1,palace,1,Paramilitary Forces,1,Parental Gratitude,1,Parenthood,1,Parsis,1,Peel Police,1,Pennsylvania,1,persecution,1,Personal Life Controversies,1,pet parrots,1,Phot.AI,1,pilot theory,1,Pixel 8a,1,plants mango saplings,1,Player Retention,1,PM Awas Yojana.,1,PM Modi,2,PM Narendra Modi,3,PMAY-Urban,1,POCSO Act,1,police intervention,1,Political Alliances.,1,political analysis,1,Political Donations,2,Political Funding,4,Political Maneuvering.,1,Political Motives,1,Political Setback,1,politics,17,politics of lies,1,Pollution Crisis,1,Pradeep Mishra,1,Pran Pratishtha,2,Pran-Prathistha,1,Praveen Kumar,1,Premium Mid-Range,1,Premium Phones,1,President Muizzu,1,Presidential Race Developments.,1,price,4,pricing,1,Privacy,1,Privacy Breach,1,private companies,1,private jets,1,Priyanka Chopra,1,Processor,1,Profession,1,Prosperity,1,PTI – The Siasat Daily,3,Quick-Change Style,1,Rachit Agarwal,1,Rahul Gandhi,1,Rain Alert,1,Ram Lalla,2,Ram Lalla Idol,1,Ram Nath Kovind,1,Ram Temple,2,Ramayana,1,Ramlala Consecration,1,Ramoji Film City,1,Ranbir Kapoor,2,Rashid rover,1,Raynagar Housing Society,1,Reality TV,1,Realme,1,Realme 12 Pro,1,Realme GT 5 Pro,1,Realme Narzo N53,1,record-breaking century,1,Regional Holidays,1,regional stability,2,regional variations,1,relationships,1,Religious,1,Religious Freedom,1,Religious Significance,1,renewable energy sector,1,repatriation,1,Rescue Operations,1,Reserve Bank of India,1,Resignation Timing,1,Reunion,1,Revival Efforts,1,rib pain,1,Ritual Modifications.,1,Rituals,1,road safety,1,Romance Movies,1,Romantic Classics,1,Romantic Moments,1,Romantic Photos,1,Royal deaths,1,Rs 1000 Crore Investment,1,Rs 50,1,Rs 70 lakh,1,Rumors,1,Russia Ukraine ongoing conflict,1,Ryan Rickelton.,1,Sachin Tendulkar,1,Sadar Bazaar,1,Safety Measures.,1,safety protocols,1,Sagar,1,Sagittarius,1,Sai Pallavi,1,salman khan,5,Samsung,1,Samsung Galaxy A55,2,Sana Javed,1,Sana Raees Khan,1,Sanatan Dharma,1,Sanctum Sanctorum,1,Sania Mirza,1,Santiago Martin,2,Sara Tendulkar,1,Sardar Vallabhbhai Patel Park,1,Saree Look,1,Saryu Water,1,School Closure,1,Sculpture,1,search efforts,1,Seat-sharing Dispute,1,Section 80C Limit,1,Security,1,security meeting,1,Severe Cold Wave,1,Sex Education,1,Sexual Assault Allegations,1,Sexual Health,1,Shah Rukh Khan,1,Shah Rukh Khan's Airport Video goes viral,1,Shalini's Unconventional Divorce Photoshoot,1,Sheikh Mohamed bin Zayed Al Nahyan,1,Shiv Sena,1,Shoaib Bashir,1,Shoaib Malik,1,Shri Ram Mandir Ayodhya Prasad,1,Shubam Gill,1,Shubham Gill,1,Shura Khan,1,Sidharth Malhotra.,1,silver jubilee event,1,Simon Hardy,1,simultaneous polls,1,Sir Frederick Banting,1,Six-month-old Infant Dies,1,Sleep Health,1,smartphone,4,Smartphone Cost Reduction,1,Smartphone Launch,2,Smartphone Leaks,1,Smartphone Photography,1,smartphone specifications,1,Snapdragon 6 Gen 1,1,Snapdragon 7+ Gen 3,1,Snapdragon 8 Gen 2,1,Snapdragon 8 Gen 3,3,Snapdragon processor,1,Snapdragon processor.,1,Social Dynamics,1,social media,3,Social Media Appeal,1,Social Media Backlash,1,Social Media Buzz.,1,Social Media Reactions,1,Social Media Sensation,1,Social Media Viral,1,Societal Taboos,1,Solapur,1,Sooraj Pancholi,1,South Actresses,1,South Africa,1,South Indian Actress,1,South Indian Cinema,1,South Indian Comedian,1,SpaceX.,1,specifications,8,Specs,2,Spending husband's money,1,Spiritual Events.,1,Spiritual Insights,1,Sports,21,Spotify,1,Star-Studded Celebration,1,State Bank of India,1,state elections,1,STEM,1,stomach pain,1,storage options,1,Strained Ties.,1,streaming platforms,1,Structural Growth,1,Structural Integrity,1,subsidies,1,Success Story,1,Sukanya Programme,1,Summer Body,1,Summer Season,1,Sunny Deol Controversy,1,Sunny Deol Neglect Allegations,1,Supreme Court,4,Sushant Singh Rajput,1,Sushmita Sen,1,Suspicious Circumstances,1,Swag.,1,Swara Bhaskar,1,System Stability,1,T20,1,T20 World Cup,1,Tabu,1,Tahira Kashyap,1,Tamil Nadu,1,Tamil Nadu Facility,1,Tarek Fatah,1,target seats,1,Taurus,1,tax collection,1,taxi accident,1,Taxpayer Expectations,1,Tech,23,tech industry,1,Tech News,17,Technology,1,Technology Conference,1,Tejasswi Prakash,1,Temperature Fluctuations,1,Temple Construction.,1,Temples,1,Tennis,1,Tensions,1,Theater Chaos,1,Thomas Kaber,1,Thoppur Ghat,1,Tiger 3,2,Tilak Nagar,1,timing,1,Timing of FIR,1,Tips,1,Top jewelers.,1,Toronto Police,1,Torrential Rain.,1,Tragedy,1,tragic incident.,1,transaction fees,1,Transparency,2,Transport Department,1,Trending,4,Trinamool Congress,2,Trump-Biden Rematch,1,tweet,1,UAE,1,Uber,1,Ujjain,1,Ukraine Defence Ministry,1,Unconventional Style,1,Union Budget 2024-25,1,Union Home Minister,1,University of Glasgow,1,Upcoming Projects.,1,Update,1,Upgrades,1,urban housing,1,Urfi Javed,1,US,1,US Concerns,1,US murder plot,1,US Presidential Polls 2024,1,US-Canada Border,1,US-India relations,1,US-India Visa,1,Use Cases,1,Uttar Pradesh,2,Vaastu Shanti,1,Varanasi,1,Varushka Khurrana,1,vehicle registration.,1,Vicky Jain,1,Vicky Kaushal,1,video footage,1,video viral,2,Viral Content,1,Viral Fashion Video,1,Viral Moment,1,Viral Moments.,1,Viral news,1,Viral Sensation,1,Viral Sexy Video,2,viral video,4,Virat Kohli,1,Virat Kohli and Gautam Gambhir,2,Visa Issue,1,Vistex CEO,1,Vivo V23,1,Vivo V30e,1,Vivo X Fold 3,1,Water crisis,1,wealth,2,Weather Forecast,1,Weather Impact,1,Weather Update,1,Wedding Anniversary,1,Wedding Bliss,1,Weight Loss,1,WiFi,1,Wildlife,1,Winter Break Extension,1,Wired Food Combinations,1,Women Empowerment,1,Women's Participation,1,World Diabetes Day,1,World News,2209,youth,1,Youth Inspiration.,1,youtuber,1,
ltr
item
Explained: Why Turkey's lira is crashing and what it has to do with strongman Recep Tayyip Erdogan
Explained: Why Turkey's lira is crashing and what it has to do with strongman Recep Tayyip Erdogan
ASE News
https://www.asenews.page/2021/12/explained-why-turkeys-lira-is-crashing.html
https://www.asenews.page/
https://www.asenews.page/
https://www.asenews.page/2021/12/explained-why-turkeys-lira-is-crashing.html
true
8343353446356446311
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content