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Crash of the lira: how Erdogan risks the welfare of all of Turkey

Msomething is currently running differently in Turkey than in the rest of the world. Although the pandemic is rampant there too, strangely enough, there is no dynamic, no exponential curves. The daily number of infections has been constant between 1000 and 2000 since June. The inflation rate is similarly astonishing. It was 11.76 percent in July, 11.77 percent in August and 11.75 percent in September – a uniformity that was not found anywhere else in the world.

Believe it all or not. But there is a clinical thermometer that shows the real state of the country quite reliably: the rate of the Turkish lira.

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