Lira crash slams Turkey’s factories, farmers and retailers

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Al Jazeera English published this video item, entitled “Lira crash slams Turkey’s factories, farmers and retailers” – below is their description.

Turkey’s president has outlined government plans to salvage the economy after the value of the Turkish lira sank to a new record low.

Recep Tayyip Erdogan says low-interest rate loans and employer incentives will boost production.

But high inflation is pushing up the cost of goods and making manufacturing more expensive.

Al Jazeera’s @Sinem Koseoglu reports from Istanbul, Turkey.

Al Jazeera English YouTube Channel

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About This Source - Al Jazeera English

The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.

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    Turkey, officially the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeastern Europe.

    Istanbul, which straddles Europe and Asia, is the country’s largest city, while Ankara is the capital. The majority of the population identifies as Turkish, around 20% identify as Kurdish.

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