You bet your dollar-bottomed: Erdogan’s next gambit
Dec 28, 2021
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Join Turkish correspondent Piotr Zalewski and Tom Rowley from 1843 magazine as they break down President Erdogan's bid to stabilize Turkey's plummeting lira. They discuss the implications of backing deposits with dollars and the taxpayer's role in this gamble. The conversation also dives into the Mass Observation Project, revealing intriguing insights about societal reflections over 40 years. Additionally, they explore Saudi Arabia's ambitious tilt toward the film industry, facing cultural hurdles while uncovering deeper societal narratives.
President Recep Tayyip Erdogan’s idea for saving the lira by backing deposits with dollars means the Turkish taxpayer will end up bailing out the Turkish depositor. Our correspondent finds striking insights in 40 years’-worth of humdrum submissions to a unique sociology project. And Saudi Arabia’s multi-billion-dollar push into the cinema industry it outlawed for decades.