{"id":68158,"date":"2021-11-23T19:11:46","date_gmt":"2021-11-23T19:11:46","guid":{"rendered":"https:\/\/npasyria.com\/en\/?p=68158"},"modified":"2021-11-23T19:12:04","modified_gmt":"2021-11-23T19:12:04","slug":"turkish-lira-crashes-to-historic-low-against-us-dollar","status":"publish","type":"post","link":"https:\/\/npasyria.com\/en\/68158\/","title":{"rendered":"Turkish lira crashes to historic low against US dollar"},"content":{"rendered":"\n<figure class=\"wp-block-embed alignright is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"tr\" dir=\"ltr\">Zamlara kar\u015f\u0131 ayaktay\u0131z<br>Boyun e\u011fme, \u00fclkene, ekme\u011fine sahip \u00e7\u0131k! <a href=\"https:\/\/twitter.com\/hashtag\/%C4%B0stanbul?src=hash&amp;ref_src=twsrc%5Etfw\">#\u0130stanbul<\/a><a href=\"https:\/\/twitter.com\/hashtag\/h%C3%BCk%C3%BCmetistifa?src=hash&amp;ref_src=twsrc%5Etfw\">#h\u00fck\u00fcmetistifa<\/a> <a href=\"https:\/\/t.co\/yQwGyrZrEm\">pic.twitter.com\/yQwGyrZrEm<\/a><\/p>&mdash; TKP (@tkpninsesi) <a href=\"https:\/\/twitter.com\/tkpninsesi\/status\/1463194422510825478?ref_src=twsrc%5Etfw\">November 23, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>QAMISHLI, Syria (North Press) \u2013<\/strong> Turkish lira cashed to record low against the US dollar and euro after Erdogan defended a recent sharp cut in interest rates&nbsp;and vowed to win his &#8220;economic war of independence&#8221;. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On Tuesday, Turkey&#8217;s lira crashed to a historic low of more than 13,00 against the US dollar and 14,50 against Euro.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Recently, the Turkish President, Recep Tayyip Erdogan has defended a recent sharp cut in interest rates&nbsp;and vowed to win his &#8220;economic war of independence&#8221; even as more orthodox economists avoid his approach. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Turkey\u2019s currency has been in a downward slide since early 2018, thanks to a combination of geopolitical tensions with the West, current account deficits, shrinking currency reserves, and mounting debt \u2014 but most importantly, a refusal to raise interest rates to cool inflation.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a relevant context, videos on social media showed demonstrations in the Turkish capital, Ankara and also in Istanbul, calling for the government to resign, after the sharp drop in the Turkish lira in the currency market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The demonstrators chanted slogans condemning Turkish President Recep Tayyip Erdogan, calling for the resignation of the AKP government and the holding of early parliamentary elections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>People took the streets demanding the resignation of #AKP government after the #Turkish_lira crashed to historic low of more than 13,00 against #US dollar. #Turkey  <\/p>\n","protected":false},"author":5,"featured_media":68159,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pgc_sgb_lightbox_settings":"","footnotes":""},"categories":[4,39,2],"tags":[],"class_list":["post-68158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-home","category-syria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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