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Compare news coverage. Spot media bias. Avoid algorithms. Try Ground News today and get 40% off your subscription by going to https://ground.news/tldr Despite a pivot to orthodox monetary policy under Erdogan, political unrest and persistent inflation has seen the Turkish Lira has slid to near record lows. So in this video, we'll take another look at Turkey's economy and why the Lira continues to fall. 📰 Too Long: https://toolong.news/ 💡 Got a Topic Suggestion? - https://forms.gle/mahEFmsW1yGTNEYXA Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought. TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks! /////////////////// Dollar to lira https://www.google.com/search?q=dollar+to+lira Turkey inflation rate https://tradingeconomics.com/turkey/inflation-cpi https://tradingeconomics.com/turkey/inflation-rate-mom Turkey burning through FX reserves before election https://www.bloomberg.com/news/articles/2023-05-18/turkish-fx-reserves-shrank-by-record-in-week-before-elections Turkey interest rate https://tradingeconomics.com/turkey/interest-rate https://www.ft.com/content/26a65943-8e6f-49ee-a596-fbe506ca9e0b Turkey budget woes https://www.ceicdata.com/en/indicator/turkey/consolidated-fiscal-balance--of-nominal-gdp https://www.dailysabah.com/business/economy/turkiye-wraps-up-q1-with-nearly-187-billion-budget-deficit Inflation expectations data https://www.tcmb.gov.tr/wps/wcm/connect/cb0f1cc3-fe34-45ff-84e9-139328a256ae/SIE-Report.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-cb0f1cc3-fe34-45ff-84e9-139328a256ae-pkXVYU9 0:00 Intro 1:05 Context 2:55 The Lira's Decline Restarts 3:38 Why? 3:42 1. Erdogan's Crackdown 4:18 2. Trump's tariffs 4:34 3. The "Real" Interest Rate 4:54 4. Central Bank Missteps 6:07 5. Loose Fiscal Policy 6:41 6. Inflation Expectations