With nearly all the ballot boxes opened in the second round of Turkey’s presidential elections, Turkey’s leader had earned 52.1% of the vote, enough to claim victory
, abetted by shoddy building methods, corruption and a botched emergency response, killed 50,000 people and covered an area the size of Bulgaria with rubble., Turkey’s strongman won again by fanning the flames of Turkey’s culture wars and depicting the opposition as a threat to Turkish culture and national security.
Media bias helped too. Private news channels, mostly run by businessmen beholden to Mr Erdogan, and the state media, which has become an arm of his government, offered the president limitless air-time, refusing to challenge his unfounded claims when he was in front of the cameras and regurgitating them when he was not.
Soon, instead of poll numbers and election results, Turks will have to start watching the exchange rate. To help Mr Erdogan’s chances in the elections, the central bank has been selling billions of dollars in foreign reserves every week, so as to prevent a run on Turkey’s currency, the lira, and keep inflation from spiralling out of control. The result is a currency that is overvalued, despite having lost 80% of its value against the dollar over the past five years.
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