What’s life like when your currency’s value plummets? Ask Turkey. - a podcast by Marketplace

from 2021-12-13T15:38:48

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The currency of Turkey, the lira, has dropped to an all-time low in value. Its central bank is contemplating a cut in interest rates. But the impact has been most felt in the everyday lives of the Turkish people, who are left financially paralyzed as their money keeps tumbling. The BBC is reporting from Turkey, and we spoke to them about what they’ve seen so far. Julia Coronado joins us to discuss the markets, especially when it comes to what to expect from the Federal Reserve in the coming days.


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