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Turkish taxpayers outraged at cost of lira protection scheme

Turkey’s Treasury faces a hefty bill from a controversial plan to defend the Turkish lira, even as the scheme has failed to make a major impact in reducing dollarization.

A picture taken on Dec. 7, 2021, in Istanbul shows Turkish liras.
A picture taken on Dec. 7, 2021, in Istanbul shows Turkish liras. — OZAN KOSE/AFP via Getty Images

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