Turkey's lira tanks after Erdogan fires central bank chief
Over the weekend, Turkey’s President Erdogan sacked the country’s central bank governor, and pulled out of the Istanbul Convention, a treaty to protect women. These moves stunned financial markets and Western allies, with the Turkish lira falling more than 8% against the U.S. dollar on Monday. The move raises concerns about a return to unconventional monetary policies favored by Erdogan as the economy struggles with inflation and currency instability. Dr. Aykan Erdemir joins The Greek Current to analyze these latest developments in Turkey.
Dr. Aykan Erdemir is the senior director of the Turkey program at the Foundation for Defense of Democracies and a former Turkish lawmaker.
You can read the articles we discuss on our podcast here:
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