The finance minister resigns… meltdown continues…

Turkey replaces finance minister

I will remember him with this photo when others applaud, he does not. I do not that’s intentional or not but this becomes an iconic image.

Turkish President Recep Tayyip Erdoğan replaced the country’s finance minister on Dec. 2.

Erdogan says Turkey’s interest rates will continue to fall

Cheaper cash will boost manufacturing, create jobs and slow inflation, the Turkish president said in a TV interview.
Why is Turkey’s lira crashing and will currency crisis worsen?

The lira lost more than 25 percent of its value against the US dollar in November.
To shore up lira, central bank sold dwindling foreign reserves for first time in 7 years.
Turkish lira nears 14 to US dollar as Erdoğan speaks again

“We are refusing the policy of drawing hot money flow with high interest rates,” the president has said.

Turkish satire magazine-
Cop: Unauthorized protests are forbidden! Go away
Man: This is a bread line.

 

 

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