Wednesday, November 24, 2021

Turkish Lira Plunges, Loses Nearly 40% of Its Value This Year | DW News

Nov 24, 2021 • It's been an especially tough past few days for the Turkish lira. It remains near all-time lows against the dollar. The country recently cut interest rates at the insistence of President Recep Tayyip Erdogan despite the warnings of economists. The consequences are borne by normal Turks. Many are now angry.