The decline in the Turkish lira may be one of the biggest problems facing Turkey's economy in the coming period, and all of this was caused by Erdogan after his dismissal of the head of the Central Bank.
Agbal was replaced by Sahap Kavcioglu, a banking professor and former parliamentarian for Erdogan's ruling Justice and Development Party (AK Party).
The Turkish lira appears to be in relative free fall, having been hit hard by the effects of the coronavirus pandemic. The currency rallied briefly to reach 8.04 lira to the US dollar earlier on Wednesday after it plunged to near-record low levels on Monday.
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