Turkish Lira Declines Against Dollar Again Amid Concerns Over Erdogan’s Monetary Policy

Turkish Lira Declines Against Dollar Again Amid Concerns Over Erdogan’s Monetary Policy
Turkish President Tayyip Erdogan addresses the audience as he attends a ceremony in Istanbul, Turkey, on Dec. 19, 2021. Murat Cetinmuhurdar/Presidential Press Office/Handout via Reuters
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The Turkish Lira slid against the dollar yet again on Monday amid ongoing investor concerns over President Tayyip Erdogan’s monetary policy.

The decline follows a rollercoaster ride of volatility that saw the currency surge more than 50 percent last week after the country’s government announced a number of measures to safeguard deposits held in lira against currency fluctuations.

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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