Turkey's economy has faced some serious problems over the past couple years. In 2021 their consumer price inflation exceeded 20% and their currency the Lira fell by more than 50%. To stem the fall in the Lira President Erdogan recently announced a new plan whereby savers can have their Liras protected from any future depreciation versus the US dollar. After this plan was announced the Lira rallied by almost 70%. In this video we go over what this new savings plan is and whether or not it can save the country's currency and economy.

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