Turkish lira plunges to record low as Erdogan doubles down o

Turkish lira plunges to record low as Erdogan doubles down on economic policy dubbed 'insane'

The Turkish lira suffered a historic crash Tuesday, dropping by more than 15% against the dollar after President Tayyip Erdogan gave an evening speech in which he defended an unorthodox economic policy that economists have dubbed “insane” and “irrational.”

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