Why is Turkeys lira crashing and will the currency crisis worsen? (Al Jazeera, 1 December 2021) https://www.aljazeera.com/amp/economy/2021/12/1/turkey-lira-crashing-will-currency-crisis-worsen

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Why is Turkey’s lira crashing and will the currency crisis worsen? (Al Jazeera, 1 December 2021) https://www.aljazeera.com/amp/economy/2021/12/1/turkey-lira-crashing-will-currency-crisis-worsen Question 1. Based on article 1;

a) Why does Turkey have to sell its foreign reserves to defend its currency (the lira)? b) The Turkish Central bank’s lowering the interest rate is the main reason that the lira crashed. Explain.

Posted Date: Dec 02, 2021 02:26 AM

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Why is Turkeys lira crashing and will the currency crisis worsen? (Al Jazeera, 1 December 2021) https://www.aljazeera.com/amp/economy/2021/12/1/turkey-lira-crashing-will-currency-crisis-worsen

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Answer Parta Sale of foreign reserves shows that Turkish officials see the freefalling lira as a pot... View the full answer

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