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The Independent UK
The Independent UK
National
Suzan Fraser

EXPLAINED: Why turkey s currency is crashing after erdogan got reelected - The Real Truth

Copyright 2023 The Associated Press. All rights reserved

Turkish President Recep Tayyip Erdogan won reelection last month despite a battered economy and a cost-of-living crisis that experts say are exacerbated by his unconventional economic policies.

The longtime leader appointed an internationally respected former banker as finance and treasury minister and on Friday named a former co-CEO of a U.S.-based bank as head of the central bank.

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