Turkey’s economy is showing signs of another slowdown after its longtime leader, Recep Tayyip Erdoğan, was elected to another presidential term over the weekend. Erdoğan’s unorthodox economic policies and pressure on the country’s central bank have weakened Turkey’s currency. The Turkish lira is now worth less than a third of what its value was only a few years ago, compared to the US dollar. As The World’s Durrie Bouscaren reports, the situation fuels an unofficial foreign exchange market deep inside Istanbul’s Grand Bazaar.
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