Press Play with Madeleine Brand
Why does Turkey's currency seem to be in freefall?
Turkey’s currency, the lira, keeps dropping. There are worries that other emerging economies could be hurt too. Turkey does have internal economic problems, including inflation. But tensions with the U.S. are also a factor.
By Madeleine Brand • • 1 min readTurkey’s currency, the lira, keeps dropping. There are worries that other emerging economies could be hurt too. Turkey does have internal economic problems, including inflation. But tensions with the U.S. are also a factor. On Friday, President Trump said he would double tariffs on steel and aluminum from Turkey.
