Why Turkey Is Not Fixing It's Hyperinflation Problem
Economics Explained
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Turkey's Inflation Guaranteed Lira - A Government Guarantee?
The value of the turkish lira jumped over 50 % following the announcement. But that's about where the good news ends. A few sceptical journalists pointed out a significant drop in turkey's foreign currency reserves. What this might suggest is that the government brought up its own currency in an attempt to make it look like this policy decision had more of an impact on public perception than it really did.
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