Word: ergine
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Dates: during 1957-1957
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Kasim Gulek, leader of the opposition Republican People's Party, criticized the government for not raising wheat prices even more. The Freedom Party's Feridun Ergin pointed an inflationary moral: "This new price will not satisfy the farmers. In 1951 it took 400 kilos of wheat to buy a good suit of clothes. In 1957 it takes 860." Others predicted that the new wheat price increase would have to be financed by printing 60 million to 70 million pounds of new currency, thus further reducing the value of the Turkish pound, which already could be bought...
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