Discussion
It's the country with the 19th largest GDP, but its economy is unravelling. With the Turkish Lira in free fall, inflation hitting 20%, and yet Erdogan's regime actually hell bent on lowering interest rates..what happens next? What will be the global implications and will it be the only country this happens to in 2022?
king arthur said:
It's the country with the 19th largest GDP, but its economy is unravelling. With the Turkish Lira in free fall, inflation hitting 20%, and yet Erdogan's regime actually hell bent on lowering interest rates..what happens next? What will be the global implications and will it be the only country this happens to in 2022?
That would be the New Turkish Lira (YTL, yeni = new), because they added so many zeros to the old Turkish Lira they had to start over back in the late 90s/early 00s.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff




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