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A comment on Turkey's Financial Crisis. Parent comment

Re:Turkey's Financial Crisis by skybrian on Friday December 24, 2021 @01:19PM (#29676136)
High inflation and low interest rates in Turkey means that depositors there lose more money than they would if it were in Euros.
[ Parent | on HN ]
Re:Turkey's Financial Crisis by mastax on Friday December 24, 2021 @04:01PM (#29677698)
Therefore people are discouraged from holding deposits, and encouraged to spend Lira - exacerbating inflation.
[ Parent | on HN ]