Turkish Finance Minister Elvan Resigns Amid Record Drop in Value of Lira

Sputnik International

December 1, 2021

By Morgan Artyukhina

Turkish President Recep Tayyip Erdogan has fought a yearslong battle against central bank economists seeking to raise interest rates in a bit to head off inflation, which he fears will stifle foreign investment in the west Asian country and ultimately hurt the economy.

Turkish Finance Minister Lutfi Elvan announced his resignation on Wednesday following his dismissal by Erdogan, according to the Official Gazette.

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