When Currencies Fail: ‘Bitcoin’ Google Searches in Turkey Rise 400% as Lira Crashes

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Nigeria central bank reversing stance on crypto ban? </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">“The least responsible fiscal policy of the last 40 years”</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Scaramucci’s firm files fifth bitcoin ETF application</span></li> </ul> <p><span style="font-weight: 400;">Our main discussion: the crash of the Turkish lira. In this episode, NLW looks at the last few years of Turkish monetary policy, inflation and currency crisis, focusing on:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The seesaw shifts between inflation and crisis on the one hand and interest rate hikes on the other</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">The sour legacy of intervention in the central bank by President Erdogan </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Why the Turkish lira had actually increased 3.07% against the dollar in 2021 before this </span></li> </ul> <p><span style="font-weight: 400;">Finally, he examines why some think the only tool left in the Turkish central bank’s tool kit to fight inflation is currency controls, and why this is driving people to explore bitcoin as an escape valve. </span></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?