The value of the Turkish lira as measured in dollars plunged Wednesday by more than 7 percent to a record low, signaling a potential shift in the government's economic policy.Under President Recep Tayyip Erdogan, Turkey's government has been at pains to prop up the value of the lira, creating incentives to prevent people from exchanging the currency and pushing the central bank to sell off foreign exchange reserves.
#people #years #recent-years #appointment #independence #presidential-election #interest-rates #goldman-sachs #public-policy #central-bank
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