4min chapter

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Turkey's runaway inflation problem

Planet Money

CHAPTER

Is There a Religious Component to Erdoon's Position?

Turkey's president wants to keep the lira weak so that turkish products are a bargain for the rest of the world. The country imports significant amount of intermediate goods, and when the lira is weak, those materials get more expensive. When inflation is as high as it is in turkey, it wipes out all the benefits from a weak currency,. That's the big problem coming up. How turkey arrived at 60 % inflation.

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