Following the second round of the presidential election on May 28, the Turkish lira continues to experience depreciation, causing concerns in the economy.
Following his re-election, Recep Tayyip Erdoğan’s decision to appoint Mehmet Şimşek as the minister of treasury and finance was anticipated as a sign of Turkey’s return to orthodox economic policies. However, the appointment did not yield the desired effect, as the lira’s depreciation persisted.
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