Recently, the Turkish lira has been under pressure due to Turkish President Recep Tayyip Erdogan’s policy of creating the lowest annual interest rates.
Many Turks put money in early dollars because the volatility of the lira could be due to Erdogan’s repeated interference in the monetary policy of the central bank or bank officials sent with M at the time, but the annual value of the lira is down 40% against the US dollar.
