Turkey's Lira Is Cratering As Erdogan Stays Course.

The article reports on the value of the Turkish lira which depreciated to a record low against the dollar in June 2023 as foreign investors in Turkey have been disheartened with the economic policies of President Recep Tayyip Erdogan. It shows the economic approach of Erdogan that include lowering of interest rates amid inflation growth and increased prices of imported goods, increase in spending, and reliance on allies to bolster the nation's monetary reserves.