
When Currencies Fail: ‘Bitcoin’ Google Searches in Turkey Rise 400% as Lira Crashes
The Turkish lira plummets as much as 17% after the surprising firing of Turkey’s central bank governor.
The Turkish lira plummets as much as 17% after the surprising firing of Turkey’s central bank governor.
The Turkish lira plummets as much as 17% after the surprising firing of Turkey’s central bank governor.
Today on the Brief:
Our main discussion: the crash of the Turkish lira. In this episode, NLW looks at the last few years of Turkish monetary policy, inflation and currency crisis, focusing on:
Finally, he examines why some think the only tool left in the Turkish central bank’s tool kit to fight inflation is currency controls, and why this is driving people to explore bitcoin as an escape valve.
Image credit: Fyletto/iStock/Getty Images Plus
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