Turkey, the lira collapses. Demonstrations against Erdogan’s economic choices in Ankara and Istanbul

The “war of economic independence” that Recep Tayyip Erdogan he says he wants to fight is plunging Turkey – with food and basic goods prices skyrocketing and citizens taking to the streets – into an economic crisis that risks causing social conflict to explode as well. Within two days, the value of the Turkish lira plunged, the worst collapse since March 2021 when the president fired the third central bank director in two years.