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...