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You bet your dollar-bottomed: Erdogan’s next gambit

The Intelligence from The Economist

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The New Interventionist Plan

The lera has lost nearly 50 % of its dollar value in just two months. The root of the problem is president rachep ti erdan's notoriously upside down view on monetary policy, that high interest rates cause inflation. Pyotr zalevsky is the economist's turkey correspondent and is based in his tumble.

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