The Case Of a Plunging Fiat Currency: Turkey's Struggling Lira

Emre Tarim, Lecturer in Behavioural Sciences, Lancaster University. ____ The Turkish lira has once again made global headlines, with a steep drop of 15% on March 22, running from below 7.20 to the US dollar to over 8.28, before settling just below 8.00. This came on the back of a midnight decree on March 19 by the Turkish president, Recep Tayyip Erdoğan, to sack