The Turkish local currency has been in decline for years, coinciding with the political and monetary choices of President Recep Tayyip Erdogan, and regional and international geopolitical developments, with Turkey at its heart.
The lira entered a spiral of historical decline against the dollar, as it reached record levels in November 2021, amid expectations that this decline will continue.
The Turkish currency continued to decline, even after a number of sectors and economic activities recovered from the repercussions of the Corona pandemic, after 2020.
What are the reasons for the continuous and unprecedented decline in the price of the Turkish lira?
What are its economic and political consequences?
And how does it affect the status and role of Turkey regionally and internationally?
Amal Al-Arissy, and her guest in this episode, Dr. Kamil Al-Sari, Professor of Economics and International Relations at the Sorbonne University in Paris, who specializes in currency changes, answer these and other questions, and foresee the future of the Turkish lira crisis.