News Turkey Debt: How Turkey's alcohol and cigarette tax hike is devastating cultural life
Published on: Wednesday 12 January 2022
News source: https://www.euronews.com/culture/2022/01/13/how-turkey-s-alcohol-and-cigarette-tax-hike-is-devastating-cultural-life
All alcohol and tobacco products in Turkey became up to 30 per cent more expensive overnight on January 1. How is this drastic increase is discouraging people from dining and drinking out?
News Turkey Debt: Turkey’s Tough 2021
Published on: Sunday 02 January 2022
News source: https://foreignpolicy.com/2022/01/03/turkey-economy-erdogan-currency-climate/
For Turkey, 2021 was a year marked by its plummeting currency, soaring inflation, and destructive climate change events. The terrible year has fueled the steady erosion of confidence in Turkish ...
News Turkey Debt: Erdogan blames Turkey's currency problems on 'foreign financial tools' as central bank reserves fall
Published on: Thursday 13 January 2022
News source: https://www.cnbc.com/2022/01/13/erdogan-blames-turkeys-currency-woes-on-foreign-financial-tools-as-central-bank-reserves-fall.html
Turkey's lira lost 44% of its value in 2021, due in large part to a refusal by the president to raise interest rates to rein in inflation.
