Erdogan Urges Turks To Stick With Collapsing Lira, Warns Financial Speculators "Will Pay A Heavy Price"

Since Recep Tayyip Erdogan’s election to Prime Minister of Turkey in 2002 (and even more so since his ‘election’ to President for life in 2014), the Turkish Lira has been on a one-way street to hyperinflation. The ailing currency has lost over 20% of its value against the U.S. dollar this year as…

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