Turkiye

[behappyalways]

Turkish Police Arrest 51 People Accused Of Panic Hoarding New Cars
https://www.zerohedge.com/markets/turki ... g-new-cars

[behappyalways]

A repeat of Thailand's 1997 ???

Turkey Halts All Stock Trading As Currency Disintegrates, Central Bank Powerless To Halt Collapse
https://www.zerohedge.com/markets/turke ... t-collapse

[behappyalways]

Turkey’s economic meltdown threatens stability of Europe
https://www.google.com/amp/s/www.thesta ... urope.html


Turkish lira at record low puts Erdogan under pressure | DW News
https://m.youtube.com/watch?v=uJZAKUoYAKI

[winston]

Turkey’s lira leaps by more than 40% in a day after President Erdogan unveils unorthodox plan to lure Turks away from dollars

by David Meyer

Despite inflation running at over 20%, the president is bucking conventional economic wisdom by insisting that low interest rates are the way out of the predicament.

A 50% hike in Turkey’s minimum wage.

The government would guarantee lira deposits against foreign-exchange depreciation that exceeds the deposit rate.

Source: Fortune

https://finance.yahoo.com/news/turkey-l ... 37726.html

[behappyalways]

Here's How Erdogan Launched His Lira "Rescue" Plan, And Why It Spells Doom For Turkey
https://www.zerohedge.com/markets/why-e ... ally-means

[behappyalways]

Erdogan Is Secretly Pillaging Billions In Turkish Assets To Prop Up The Lira, And His Rule
https://www.zerohedge.com/economics/erd ... d-his-rule

[behappyalways]

Erdogan Files Criminal Complaints Against Economists Criticizing His Insane Lira "Rescue" Plan
https://www.zerohedge.com/economics/erd ... ira-rescue

[behappyalways]

Turkish Lira Is Plunging Again, And This Time Erdogan's "Doom Loop" Guarantees Disaster
https://www.zerohedge.com/markets/turki ... s-disaster

[behappyalways]

"We have only one concern: exports, exports and exports," he said in a speech, adding the trade data showed a sixth-fold rise in exports during his tenure as leader. What Erdogan didn't focus on is that while exports for all of 2021 rose, in December the country's trade deficit exploded by 46%, widening to $6.64BN, as imports rose 29% to $28.9BN, far more than exports which rose just 25% to $22.3BN.

In other words, even Erdogan's focus on exporting his way out of the current crisis is starting to fail.

Inflation In Turkey Explodes To 36.1%, Blowing Away Estimates, As Hyperinflation Sets In
https://www.zerohedge.com/markets/infla ... ation-sets

[behappyalways]

Crash of Turkey's lira puts poor on the brink of existence | Focus on Europe
https://m.youtube.com/watch?v=GpGKcmATq3Q