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dogsent t1_j0lv93s wrote

Reply to comment by UncannyTarotSpread in Erdogan says courts will fix any mistakes after Istanbul mayor's sentencing by No_Arachnid6406

The reason people are protesting in the streets is the political ban of Istanbul Mayor Ekrem Imamoglu which eliminates him as a viable alternative to Erdogan.

The Turkish economy is in a downward spiral. The Turkish lira is in a devaluation slide due to inflation being 85.51% or higher. Independent analyst ENAG estimated that the annual CPI inflation was in fact 176.0%. A majority of the population.is having trouble paying bills and buying food.

Erdogan has dismissed multiple finance ministers and heads of the central bank “essentially for standing up to him” and challenging his unconventional policies.

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jschubart t1_j0n6krh wrote

>The Turkish lira is in a devaluation slide due to inflation being 85.51% or higher. Independent analyst ENAG estimated that the annual CPI inflation was in fact 176.0%.

Clearly the central bank set the interest rates too high. /s

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dogsent t1_j0onw1c wrote

I'm wondering how long this can continue.

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