The Turkish currency fell

ANKARA: Turkey’s currency, the lira, fell 15 percent against the dollar to a record low of 13.45.

According to the details, after President Tayyip Erdogan vowed to win his “economic war of independence” despite recent sharp rate cuts and widespread criticism and calls for a change of course, Turkey’s currency, the lira. At its second-worst level, it fell 15 percent on Tuesday.

According to the British news agency Reuters, speculation that Erdogan may soon remove Finance and Economy Minister Lotfi Elvan is raising concerns.

The Turkish lira has depreciated by 45% this year, including about 26% since the beginning of last week.

It should be noted that President Erdoانan put pressure on the Central Bank to take Turkey’s 720 720 billion economy on a dangerous new path of aggressive interest rate cuts, which he said would create jobs, exports and growth. Will be boosted and rising inflation and currency depreciation will be stopped.

However, many economists have called the rate cuts reckless, while opposition politicians have called for early elections. have been.

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