> To make lira scarce you have to make it so people are willing to buy lira. If you stop paying interest on lira savings people will sell their liras and buy do

> To make lira scarce you have to make it so people are willing to buy lira. If you stop paying interest on lira savings people will sell their liras and buy dollars (this is exactly what happened in the past years). Which is what you want them to do since that puts lira back into circulation where it passes (higher) tax points which then drains the currency. Reducing government spending would do the same thing. When there is less lira in circulation, then obtaining it to purchase Turkish output becomes more difficult and the price rises. People saving in any currency is the problem since the lack of spending it represents denies somebody else an income. You don't want 'foreign investors'. Turkey has its own currency and can purchase anything available for sale in lira on its own. In fact 'foreign investors' have to obtain lira before they can buy anything so why not cut out the middleman? > More importantly, people will buy lira only if they trust the Turkish state Again a myth. People will obtain lira if Erodogan will otherwise jail them for tax evasion. The lira always has value to those with a tax liablity in lira and who are sufficiently scared of Erdogan's tax collectors.