Currency – Lira Crash Hurts Turkey’s Economy

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.

SOURCE: Al Jazeera News via YouTube