Erdoğan intervenes after Turkish lira sinks to lowest level against dollar - short news
Turkey’s president to hike minimum wage by 50% with other measures to come in attempt to stabilise currency
Turkey’s president, Recep Tayyip Erdoğan, has vowed to take on the currency markets after a fresh cut in his country’s interest rates sent the lira plunging to its lowest ever level against the US dollar.
Erdoğan said Turkey’s destiny would not be determined by the level of borrowing costs or by foreign exchange speculators despite signs his unorthodox approach..
source: The Guardian - 16.12.2021