Turkey devalued its currency today (22 February)…

Series Title
Series Details 22/02/01, Volume 7, Number 08
Publication Date 22/02/2001
Content Type

Date: 22/02/01

...hoping to halt an economic crisis during which interest rates have soared to 4,000&percent;. The downward spiral was triggered by a dispute between President Ahmet Necdet Sezer and Prime Minister Bulent Ecevit over a corruption probe. The International Monetary Fund had so far declined a bail-out package for the country, which hopes to join the EU.

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