Under pressure from President Recep Tayyip Erdogan, Turkey’s central bank cut interest rates while most of the developing world raised them, sending the Turkish lira into a tailspin.

The lira has lost 31% of its value during 2021 and more than 80% since 2013. With consumer price inflation running at 20% year-on-year as of October, Turkey faces hyperinflation.

Essential imports including more than a hundred categories of medication began disappearing from stores earlier in the fall.