In March 2015, Turkish President Recep Tayyip Erdoğan urged his fellow citizens not to invest in US dollars at a time when the Turkish lira was losing a significant amount of value, saying people who exchanged their lira for dollars would regret it, and soon. The lira had plunged from 2.28 to the dollar to 2.98 in the first three months of that year. Erdoğan was blaming the “interest rate lobby,”...
from merihnews http://www.merihnews.com/2018/08/24/analysis-erdogan-knew-an-economic-crisis-was-coming-and-did-nothing-at-all/
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