Utopia Talk / Politics / Turkish lira has lost 1/2 it's value

murder Member	Sat Dec 04 17:08:11 Bloomberg Quicktake @Quicktake A dramatic depreciation wiped out almost half the Turkish lira’s value against the USD this year. People in Istanbul are lining up for subsidized bread as inflation soars http://twitter.com/Quicktake/status/1466805777335832581
murder Member	Sat Dec 04 17:09:16 Turkey faces dramatic depreciation of its currency as inflation soars The Turkish central bank intervened on the currency market for the second time this week to slow a depreciation that’s wiped out almost half of the lira’s value this year. The central bank said it stepped in because of “unhealthy” price formations. Video via @Quicktake http://twitter.com/i/events/1466798522506883078
murder Member	Sat Dec 04 17:11:01 The New York Times @nytimes Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. As the value of the Turkish lira continues to slide, signs of the country's economic distress are clear to see. http://twitter.com/nytimes/status/1465703450025467913
Sam Adams Member	Sat Dec 04 17:59:29 Is this all due to erdofags turn towards islamic fundamentalism and abondonment of free market/free thinking principles? Did they shut down too much due to covid?
Habebe Member	Sun Dec 05 10:16:59 Well it's a good thing I keep all my cash in the Armenian Dram. Ok, I was a lil drunk and thought I chose the American Dream but here we are.
murder Member	Sun Dec 05 11:23:54 "Is this all due to erdofags turn towards islamic fundamentalism and abondonment of free market/free thinking principles? Did they shut down too much due to covid?" Honestly I have no idea and have not seen a good explanation of wtf he's up to or if he even has any idea what he's doing. I've read that it's islamist quackery, but I've also read that he is driving down interest rates to spark the economy. Either way that iceberg ain't moving.
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