2018 Ekonomik Krizi

Why is Ankara’s economy narrative losing credibility?

In the last two years, the economic policy team governing in Ankara that has been intervening on prices, interest and exchange rates with an iron fist has cost banking executives their jobs for making their own trade decisions in an open market. Turkey is supposedly an open market economy, but Ankara has been nudging market players under the table to the point that the market is “open” only in theory.

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Why is Ankara’s economy narrative losing credibility?

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