Bankruptcy is Imminent: the Turkish Lira has Overcome a Critical Minimum

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by Chris Black

Turkey’s deposit reserves, which were intended to ensure that the dollar exchange rate did not exceed 14 Turkish lira, were also wasted. Garo Paylian, a deputy from the HDP Party, wrote about this on Twitter.

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“Is there no one left in the palace who dares to tell Erdogan that bankruptcy is imminent?” – noted Palyan.

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