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Lira loses 5% of value in a single day amid Erdoğan's 'economic war of independence' | DW News
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January 3, 2022
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3:42Now PlayingTurkey’s annual inflation rate jumped to more than 36% in December. That's the highest level in almost two decades. The value of the Turkish lira has slumped to record lows, forcing retailers to hike prices sharply. The currency has suffered as a result of a series of central bank rate cuts, forced through by President Recep Tayyip Erdogan.
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