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AP
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A man sells Turkish flags in a commercial area in Kadikoy neighbourhood in Istanbul, Turkey, Thursday, Dec. 2, 2021. Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. (AP Photo/Francisco Seco)

AP
  • Updated

People buy bread in an Ankara Municipality's bread kiosk in Mamak neighbourhood, in Ankara's suburb, Turkey, Wednesday, Dec. 1, 2021. Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. (AP Photo/Burhan Ozbilici)

AP
  • Updated

People buy bread in the Istanbul Municipality's bread kiosk in Istanbul, Thursday, Dec. 2, 2021. Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. (AP Photo/Emrah Gurel)

AP
  • Updated

People wait to buy bread in an Ankara Municipality's bread kiosk in Mamak neighbourhood, in Ankara's suburb, Turkey, Wednesday, Dec. 1, 2021. Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. (AP Photo/Burhan Ozbilici)

AP
  • Updated

A women holds US dollars notes as she changes Turkish liras in a currency exchange office in Istanbul, Thursday, Dec. 2, 2021. Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. (AP Photo/Emrah Gurel)