Turkish President Recep Tayyip Erdogan speaks to announce the net minimum wage will be raised by 50 percent starting next year, at the Presidential Complex in Ankara, Turkey on December 16, 2021. - The net minimum wage will stand at 4,250 liras -- now worth around $275 (240 liras). The Turkish lira hit fresh lows after the central bank fired the latest salvo in Erdogan's "economic war of independence" by cutting interest rates for the fourth successive month (Photo by Adem ALTAN / AFP)