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The Independent UK
The Independent UK
National
Suzan Fraser

Why Turkey's currency is crashing after Erdogan got reelected

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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