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"An assault on Turkey!"; "Dark forces are attacking the Turkish Lira!" Those are the headlines you could see around the government-friendly newspapers in Turkey these days. The reason, the Turkish currency has hit rock-bottom. Now a US dollar is traded for more than 7 Lira, something unseen in decades. The Lira has lost nearly 1/5 of its value since January, and that's very worrying...
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January 2026

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