How Erdogan’s Attempts to Stabilize Lira Have Backfired?

What was once the most lucrative foreign investment market in the Middle East, Turkey, has now started to feel the dramatic effects of depreciation of its currency, Lira and the rapid disinvestment by foreign investors in the past two years.

The Turkish currency Lira, has depreciated almost 36% since the downward spiral in value against the US dollar started in mid-2018. According to the recent estimates by World Bank, the foreign di....