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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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US President Donald Trump speaks during a reception with business leaders on the sidelines of the World Economic Forum (WEF) annual meeting in Davos on 21 January 2026. Photo by MANDEL NGAN / AFP
Politics

In Davos, a tale of two speeches

22 January 2026

Trump follows Greenland threats by announcing a "future deal," while Canada's prime minister describes it all as a "rupture in the world order"

Ravi Agrawal
Syrians celebrate in Raqqa on 19 January 2026, after Syria and the SDF struck a wide-ranging deal to bring Kurdish civilian and military authorities under central government control on Sunday. REUTERS / Karam al-Masri
Politics

Why Syrian army gains against the SDF unnerve Israel

20 January 2026

Israeli media have painted the "defeat of the Kurds" as a win for Türkiye, while Israel's military worries that this may carry negative implications for its presence in the Golan

Michael Harari
Opinion

The battle for the state is reshaping regional alliances

18 January 2026

From Yemen and Syria to Sudan and Libya, there is a concerted effort to reassert state authority and thwart moves toward the proliferation of quasi-states and fragmentation

Ibrahim Hamidi
A general view of a concrete block marking the "Yellow Line" drawn by the Israeli military in Bureij, central Gaza Strip, on 4 November 2025. BASHAR TALEB / AFP / Al Majalla
Politics

Is Israel annexing more than half of Gaza?

20 January 2026

The ambiguous meaning of Israel's new yellow line

Giovanni Legorano
Egyptian President Abdel Fattah al-Sisi (R) shakes hands with Sudan's army chief General Abdel Fattah al-Burhan in Cairo on 18 December 2025. AFP
Politics

Egypt stiffens its resolve to stop Sudan fragmentation

18 January 2026

For Cairo, stability in its southern neighbour is a national security issue. After almost three years of seeking a diplomatic solution, there are signs that it is now turning to firepower.

Amr Emam

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