Turkish Lira Weakens to Lowest Since 2021 Currency Meltdown

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by Boo_Randy

Becoming our own central banks by stacking the shiny is literally We the People’s only defense against our corrupt elites & criminal central bankers.

www.bloomberg.com/news/articles/2022-05-24/turkish-lira-weakens-to-lowest-since-2021-currency-meltdown?srnd=premium-middle-east&sref=ibr3A0ff

The Turkish lira weakened to a five-month low against the US dollar as monetary policy remains far too loose to curb the fastest pace of inflation in 20 years.

The lira slipped as much as 0.7% to 16.0477 per dollar on Tuesday, the lowest level since a currency crisis late last year. Consumer prices rose an annual 70% in April, well above the bank’s policy rate of 14%.

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