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Lira loses 5% of value in a single day amid Erdoğan's 'economic war of independence' | DW News

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Turkey’s annual inflation rate jumped to more than 36% in December. That's the highest level in almost two decades. The value of the Turkish lira has slumped to record lows, forcing retailers to hike prices sharply. The currency has suffered as a result of a series of central bank rate cuts, forced through by President Recep Tayyip Erdogan.


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#Inflation #Lira #Turkey
Category
Europe
Tags
business news, erdogan, lira
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