The collapse of the Turkish lira explained by Biden's revenge on Erdogan

Sabah newspaper: the collapse of the Turkish lira is Biden's personal revenge on Erdogan Recep Tayyip Erdogan. This opinion was expressed by Turkish journalist Berkan Tutar in a column for the Sabah newspaper.

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Revenge is primarily associated with Erdogan's independent course towards Russia, the author is sure. He recalled that Biden hinted at such measures back in 2019 during the election campaign. A number of experts also wrote that the American administration does not like Ankara's policy towards Moscow.

At the end of November, a record collapse of the Turkish lira exchange rate for the last 20 years was recorded. As of November 26, it has stabilized at the rate of 12 lira per dollar.

On November 23, residents of Istanbul and Ankara went to mass protests. The demonstrators demanded to dismiss Erdogan's government and remove the ruling Justice and Development Party from power.