![Steve Hanke on Twitter: "As the hopeless Turkish #lira weakens, #Turkey's inflation picks up steam. By my measure, the #inflation rate is now 23.44%/yr, over double the official rate of 11.86%/yr. https://t.co/QlE7OZFSYi" / Steve Hanke on Twitter: "As the hopeless Turkish #lira weakens, #Turkey's inflation picks up steam. By my measure, the #inflation rate is now 23.44%/yr, over double the official rate of 11.86%/yr. https://t.co/QlE7OZFSYi" /](https://pbs.twimg.com/media/EVAcJRSU8AANI7Z.jpg)
Steve Hanke on Twitter: "As the hopeless Turkish #lira weakens, #Turkey's inflation picks up steam. By my measure, the #inflation rate is now 23.44%/yr, over double the official rate of 11.86%/yr. https://t.co/QlE7OZFSYi" /
![Why the Turkish lira is in free fall | Business | Economy and finance news from a German perspective | DW | 17.08.2020 Why the Turkish lira is in free fall | Business | Economy and finance news from a German perspective | DW | 17.08.2020](https://static.dw.com/image/54511105_7.png)
Why the Turkish lira is in free fall | Business | Economy and finance news from a German perspective | DW | 17.08.2020
Steve Hanke on Twitter: "The Turkish lira plunged below 11 TRY/USD following TCMB's 100bps policy interest rate cut earlier today. Erdogan's insistence on low interest rates is toasting the lira and fueling #
![k): Turkish Lira Price of Gold Required for Gold to be an Inflation... | Download Scientific Diagram k): Turkish Lira Price of Gold Required for Gold to be an Inflation... | Download Scientific Diagram](https://www.researchgate.net/profile/Robert-Wright-33/publication/255647201/figure/fig17/AS:668292675018752@1536344798043/k-Turkish-Lira-Price-of-Gold-Required-for-Gold-to-be-an-Inflation-Hedge-in-Turkey.png)