Why Turkey's currency crash does not worry Erdogan
Turkey's national currency has plummeted 45% against the dollar this year and yet President Recep Tayyip Erdogan doesn't seem all that bothered. The lira has flirted https://ebusinesspages.com/provenjuriya.user with record lows this week, but Turkey's long-time leader is pressing ahead with his "economic war of independence", backed up by low interest rates. So why is Mr Erdogan pushing a model that critics warn risks soaring inflation, higher unemployment and poverty, http://www.authorstream.com/provenjuriya/ and what does it mean for Turks? Unorthodox policy The simple reason https://creativemarket.com/users/provenjuriya for the Turkish lira's collapse is his unorthodox economic policy of keeping interest rates low to boost Turkey's economic growth and export potential with a competitive currency. For many economists, if inflation goes up you control it by raising interest rates. https://forum.maidenfans.com/members/provenjuriya.123624/#about But