ع
Sections
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Documents & Memoirs
Regions
  • Gulf
  • MENA
  • Europe
  • USA
  • Asia
  • World
More
  • Videos
  • Cartoons
  • World in photos
  • Infographics
  • Profiles
  • Newsletter

LATEST ISSUE

Latest Issue
Magazine Archive
النسخة العربية
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Tag
  • 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
  • Popular
  • Editor's Pick
Matt Murphy
Business & Economy

The skyrocketing cost of Epic Fury

19 March 2026

From military spending to energy markets, the US-Israeli war on Iran is driving rising costs, with the Strait of Hormuz emerging as a central pressure point

Thuraya Shahin
Sara Gironi Carnevale
Politics

US public opinion is decisively shifting against Israel

20 March 2026

Until fairly recently, most Americans sided with Israel. These days, most side with the Palestinians. That will eventually influence US foreign policy.

Ramzy Ezzeldin Ramzy
Pete Reynolds
Business & Economy

Energy infrastructure attacks and the new security imperative

17 March 2026

By attacking Gulf energy infrastructure, Iran aims to apply economic and geopolitical pressure as a way to avoid large-scale conflict

Jessica Obeid
A member of the security forces, holding a picture of Iran's new Supreme Leader Mojtaba Khamenei, observes protesters as they gather for a rally in support of the new Supreme Leader in Enghelab Square in Tehran, on 9 March 2026. Getty/ Al Majalla
Politics

Decapitation strikes unlikely to topple Iran's regime

18 March 2026

Instead of taking down the Islamic Republic, what the assassinations have done is harden public support and accelerate the regime's militarisation

Alex Vatanka
Lina Jaradat
Business & Economy

Strait of Hormuz: the waterway critical to global trade 

18 March 2026

Any disruption in the Hormuz has cascading knock-on effects that extend far beyond energy markets, impacting international trade. Al Majalla explores all this and more.

Al Majalla - London

Sign up for the Weekly Newsletter

Get the best of Al Majalla, straight to your inbox.

Your newsletter subscriptions are subject to Al Majalla privacy policy and terms and conditions.

OPINIONS

The US-Iran war puts the entire world at risk

Fares Garabet
Fares Garabet

When the cost of inaction is greater than the cost of war

Alia Mansour
Alia Mansour

Israel's lack of strategy makes for aimless wars

Elizabeth Tsurkov
Elizabeth Tsurkov

How trauma leaves a lasting imprint on the brain

Alaa Emara
MORE FROM OPINIONS
logo
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Documents & Memoirs
  • Gulf
  • MENA
  • Europe
  • USA
  • Asia
  • World
  • Videos
  • Cartoons
  • World in photos
  • Infographics
  • Profiles
  • About Al Majalla
  • Al Majalla Team
  • Terms of Service
  • Privacy Policy
  • Contact us
logo

© Al Majalla Magazine. All Rights Reserved.

0:00:00
0:00:00