Inflation is now at 20% in Turkey, as the Lira which is the official currency of Turkey has hit a record low of 13.44 against the US Dollar. Turkish currency crashed by 8% in a single day but recovered by a few cents later.

Turkey: Lira crashed to a new low of 13.44 against the dollar

The Turkish Lira sank to an all-time low this week. People of Turkey are suffering due to high inflation. President Erdogan's approval ratings have dropped. The opposition is calling for an early election. Palki Sharma tells you how Erdogan's empire is crumbling.

Gravitas: Recep Tayyip Erdogan's empire is crumbling

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turkish lira-sank

Turkey: Lira crashed to a new low of 13.44 against the dollar

Gravitas: Recep Tayyip Erdogan's empire is crumbling