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  • Turkish Lira

Zekariya Cektir, 75, collects tobacco leaves in a field near Kurudere village, Adiyaman province, southeast Turkey, Wednesday, Sept. 28, 2022. Tobacco growers in southeast Turkey's Celikhan district are feeling the pinch as annual inflation reaches a new 24-year high. Official data released Monday Oct. 3, 2022 shows consumer prices rise 83.45% from a year earlier, further hitting households already facing high energy, food and housing costs. Experts say the real rate of inflation is much higher than official statistics, at an eye-watering 186%. (AP Photo/Emrah Gurel)

Record Inflation Squeezes Turkish Tobacco Workers, Owners

Mehmet Emin Calkan begins work harvesting a tobacco field in rural Turkey before dawn, then has another shift skewering and stringing the tobacco to dry under the sun. The 19-year-old, who hopes…

AP 03 October 2022
A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey October 12, 2021. REUTERS/Cagla Gurdogan

Turkish lira Weakens Further After Erdogan Vows More Rate Cuts

Turkey's lira dipped 0.4% against the dollar on Tuesday as concerns over rampant inflation were stoked by President Tayyip Erdogan's pledge to continue cutting interest rates. In a Monday evening…

07 June 2022
Turkish financial expert Cüneyt Akman

Turkish Expert Asserts Continued Loss of Lira Amid Unchanged Economic Policies

The Turkish lira continues to touch record lows, the first of its kind, at a time when the Central Bank is trying to control its exchange rate against foreign currencies. The lira continues its…

Jiwan Soz 19 December 2021
A Syrian man pays with Turkish lira at a gas station in the town of Sarmada in Syria's northwestern Idlib province, on June 15, 2020. (Getty)

How Turkey Gains from Economic Takeover of Syrian Regions

Turkey has been forcing people for almost a year now to trade using its local currency in different Syrian regions that lie on its southern border and are under its army’s control. Likewise, these…

Jiwan Soz 11 June 2021
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Axel Rangel Garcia
Politics

The UN is dead: Chemillier-Gendreau on the collapse of international law

13 January 2026

In an interview with Al Majalla, the prominent French jurist discusses Israeli and Western duplicity, their violation of international law, and why Israel bears the cost of Gaza's reconstruction

Elie Kossaifi
Opinion

Iran's regime may not be falling, but it is fading

16 January 2026

Tehran's elite have few friends, but regional states fear the consequences of a disorderly transition. If Iran's 92 million people turn on one another, it could cause millions to flee abroad.

Omer Onhon
Al Majalla
Politics

Trump's retreat from multilateralism throws up a host of challenges

14 January 2026

Going forward, the international community needs to reduce dependence on the US without upsetting the world's largest military and economic power. It will be a shaky tightrope to walk.

Ramzy Ezzeldin Ramzy
Yasser Al-Rumayyan, Governor of the Public Investment Fund, delivers a speech during the third edition of the Future Investment Initiative, in Riyadh on 28 October 2025. AFP
Business & Economy

Saudi Arabia loosens restrictions on foreign investors

12 January 2026

Scrapping foreign ownership caps and qualifying criteria will bring in more capital, with markets reacting positively to the latest reforms that build towards a more open country

Sharif Mohammad
Sudanese displaced from the Heglig area in western Sudan wait to receive humanitarian aid at the Abu al-Naga displacement Camp in the in Gedaref State, some 420km east of the capital Khartoum on 30 December 2025. ABDULRAHMAN GUMAA / AFP
Politics

Sudan stands between war and an imposed peace

16 January 2026

Al Majalla lays out three possible scenarios for the war-torn country in the weeks and months ahead

Areig Elhag and Ben Fishman

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