Why Turkey’s Currency Just Collapsed: The Lira Economic Crisis – TLDR News


So over the last few weeks (months and years) Turkey’s currency, the Lira, has collapsed in value. This is bad on its own, but combined with huge inflation and it’s a recipe for disaster. So in this video we explain how Turkey found itself in this situation and what it means for President Erdogan and his theory of Erdonomics.



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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.