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Maroc Maroc - TRADESECURELY.CA - A La Une - 02/Jul 14:05

Will the Turkish economy benefit from the authorities’ U-turn towards greater orthodoxy?

In mid-2021, Türkiye introduced the Turkish Economic Program (TEP) to boost production, investment, employment, and exports. To support these goals, the central bank slashed its key rate from 19% to 8.5% between September 2021 and May 2023. Consequently, the Turkish lira lost nearly 60% of its value against the dollar during this period, and inflation

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