Turkish Lira hits all time low, central bank intervenes

Turkish Lira hits all time low, central bank intervenes

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As the hyperinflation out of the US Federal Reserve continues to reverberate around the globe, the Turkish Lira recently hit a new all-time low against the dollar, which prompted its central bank to intervene.

And as Turkish President Erdogan continues to preach a rather unorthodox economic doctrine based on his premise that higher interest rates are actually what causes inflation, the situation doesn’t sound good.

So to know what you want to keep an eye on, click to watch the video now!

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