Why in news?
The value of Turkey's currency, lira, has nosedived since January and has lost more than 34% of its value against the dollar.
What caused this?
What are the consequences?
How did this affect Rupee?
Allison F. Penton 16 days
Interesting analysis! The construction boom's reliance on foreign debt definitely highlights a systemic vulnerability. It's similar to how a poorly managed team in Retro Bowl can quickly crumble under pressure. Improving domestic regulation is key. This affects emerging markets globally, so caution and diversification are paramount.