![Steve Hanke on Twitter: "As the hopeless Turkish #lira weakens, #Turkey's inflation picks up steam. By my measure, the #inflation rate is now 23.44%/yr, over double the official rate of 11.86%/yr. https://t.co/QlE7OZFSYi" / Steve Hanke on Twitter: "As the hopeless Turkish #lira weakens, #Turkey's inflation picks up steam. By my measure, the #inflation rate is now 23.44%/yr, over double the official rate of 11.86%/yr. https://t.co/QlE7OZFSYi" /](https://pbs.twimg.com/media/EVAcJRSU8AANI7Z.jpg:large)
Steve Hanke on Twitter: "As the hopeless Turkish #lira weakens, #Turkey's inflation picks up steam. By my measure, the #inflation rate is now 23.44%/yr, over double the official rate of 11.86%/yr. https://t.co/QlE7OZFSYi" /
Steve Hanke on Twitter: "The Turkish Lira continues its free fall, closing at yet another all-time low of 9.04 TRY/USD. Erdogan is tanking the lira with his Islamic finance fantasies. #Turkey needs
![Steve Hanke on Twitter: "The Turkish lira plunged below 11 TRY/USD following TCMB's 100bps policy interest rate cut earlier today. Erdogan's insistence on low interest rates is toasting the lira and fueling # Steve Hanke on Twitter: "The Turkish lira plunged below 11 TRY/USD following TCMB's 100bps policy interest rate cut earlier today. Erdogan's insistence on low interest rates is toasting the lira and fueling #](https://pbs.twimg.com/media/FEgMjdbVgAEl9um.jpg:large)
Steve Hanke on Twitter: "The Turkish lira plunged below 11 TRY/USD following TCMB's 100bps policy interest rate cut earlier today. Erdogan's insistence on low interest rates is toasting the lira and fueling #
![Turkish lira Coin Character and red arrow down. Inflation, economic crisis, crash or economic, financial recession. Vector Illustration Stock Vector Image & Art - Alamy Turkish lira Coin Character and red arrow down. Inflation, economic crisis, crash or economic, financial recession. Vector Illustration Stock Vector Image & Art - Alamy](https://c8.alamy.com/comp/2BG83FT/turkish-lira-coin-character-and-red-arrow-down-inflation-economic-crisis-crash-or-economic-financial-recession-vector-illustration-2BG83FT.jpg)