Men drink chai in the street the day after President Recep Tayyip Erdoğan was re-elected on May 29, 2023 in Istanbul,Turkey. Erdogan won another five-year term after being forced into a runoff with the opposition politician Kemal Kilicdaroglu. Erdogan prevailed despite criticism of his management of the country's economy and the government's response to the devastating earthquakes earlier this year. (Photo by Jeff J Mitchell/Getty Images)

Turkish lira slips to new low as Erdogan forms economic team

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Men drink chai in the street the day after President Recep Tayyip Erdoğan was re-elected on May 29, 2023 in Istanbul,Turkey. Erdogan won another five-year term after being forced into a runoff with the opposition politician Kemal Kilicdaroglu. Erdogan prevailed despite criticism of his management of the country's economy and the government's response to the devastating earthquakes earlier this year. (Photo by Jeff J Mitchell/Getty Images)

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