Turkey's troubles are almost always lira troubles, which are always money supply troubles. The CB of Turkey has run the printing presses on overdrive for the last decade, plaguing the economy with a worthless currency and hence SKY-HIGH INFLATION. The solution: A CURRENCY BOARD.
Turkey's troubles are almost always lira troubles, which are always money supply troubles. The CB of Turkey has run the printing presses on overdrive for the last decade, plaguing the economy with a worthless currency and hence SKY-HIGH INFLATION. The solution: A CURRENCY BOARD.