Lira crash slams Turkey’s factories, farmers, and retailers

(STL.News) Turkey’s president has outlined government plans to salvage the economy after the value of the Turkish lira sank to a new record low.

Recep Tayyip Erdogan says low-interest rate loans and employer incentives will boost production.

But high inflation is pushing up the cost of goods and making manufacturing more expensive.

Al Jazeera’s @Sinem Koseoglu reports from Istanbul, Turkey.