Posts Tagged Stagflation
Remember What Happened in 2001?

Remember What Happened in 2001?

With the outbreak of huge financial turmoil of Turkey in 2001, we saw Turkish lira dramatically depreciates against other currencies in nine consecutive days. Even though some dissimilarities exist between today and 2001, the recent moves in Turkish Lira as same as they were 12 years ago.

Turkish lira weakens ninth day against Dollar, and this is the longest losing streak since 2001. The more terrifying thing is that, even though the Central Bank Turkey reduces the...

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