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this argument is more than a little patronizing when the alternative is this: https://i.imgur.com/lSfdTfK.jpeg

The alternative is speculating and predicting that, and being wrong sometimes.

Ironically they risk more by doing nothing.

That depends on how things play out.

How often do nation states recover from hyperinflation events?

The inflation rate has crashed as much as it has spiked in Turkey. It's going both ways.

CPI Turkey 2020 14.60 %

CPI Turkey 2019 11.84 %

CPI Turkey 2018 20.30 %

CPI Turkey 2017 11.92 %

CPI Turkey 2016 8.53 %

I mean, I hope they're getting control of it, but I certainly wouldn't want to be owning any Lira any time soon.

Any port in a storm when you live in a country with zero trust towards your own legal tender.