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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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President Donald Trump speaks to reporters on the South Lawn of the White House on 28 February 2025. Shutterstock
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One year of Trump 2.0: the age of MAGA imperialism?

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From kidnapping Venezuela's president to proposing the annexation of Greenland, Trump appears to be the most 'imperialist' leader the US has had in decades

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18 January 2026

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A man holds a Syrian flag as a group of civilians smash a statue of a Syrian Democratic Forces fighter in the city of Tabqa after the Syrian army took control of it, in Tabqa, Syria, on 18 January 2026. REUTERS/Karam al-Masri
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How the SDF's hand was twisted into Syria integration

19 January 2026

A decisive Syrian military campaign, coupled with diplomatic pressure from Türkiye, the US, and Israel, has forced the SDF into a far-reaching integration deal with Damascus

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China’s grand strategy reaches a critical juncture

06 January 2026

This could be a decisive year for Beijing as long-running strategies collide with harsher geopolitical realities. The outcomes will shape global power balances well beyond 2026.

Shirley Ze Yu
Ali Shaath during a press interview with a local radio station.
 Reuters
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Ali Shaath: Gaza’s technocrat of reconstruction

17 January 2026

Responsibility for the enclave's reconstruction has been placed in the hands of an experienced civil engineer native to Gaza

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