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Economic policy reversal fraught with political risks for Erdogan

Ankara’s bid to warm the pandemic-hit economy has backfired, forcing a policy reversal that threatens to aggravate popular grievances and heighten political risks for Erdogan.

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People wait to exchange money at a currency exchange shop on July 7, 2020 in Istanbul, Turkey. The Turkish lira continued to slide after posting record lows against the US dollar during the week. — Chris McGrath/Getty Images

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