
Turkey raised interest rates to a record to deal with the economic crisis
Ankara: After the re-election of President Recep Tayyip Erdogan, his government has adopted new economic policies, the first step of which is to appoint Mehmet Simsek as the Minister of Finance and Hafez Gaye Erkan as the head of the Central Bank. Erdogan’s new cabinet plans aim to deal with a devastating economic crisis that…