Lest anyone thinks that the near-dictatorship of Recep Tayyip Erdoğan has no consequences, this is what the Turkish Lira has done versus the US Dollar over the years. I suspect I could go into Istanbul and buy a house with the change in my pocket.

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Lest anyone thinks that the near-dictatorship of Recep Tayyip Erdoğan has no consequences, this is what the Turkish Lira has done versus the US Dollar over the years. I suspect I could go into Istanbul and buy a house with the change in my pocket.

Couldn’t happen to a nicer guy.

The multitude of analysts that have been waiting for the “death of the dollar” (DoD) for at least a couple of decades now have a new jingle. “Dedollarisation” by global entities trading in goods and services will finally kill old Uncle Buck, or if you like, remove “King Dollar” from his throne.
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