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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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A municipal worker fixes a sign in Sharm el-Sheikh, as the Egyptian resort town gets ready to host a US-brokered Gaza peace summit, on October 12, 2025. Khaled DESOUKI / AFP
Politics

Gaza ceasefire takes off, but expect turbulence ahead

11 October 2025

Al Majalla lays out four key hurdles to clear to ensure the truce sticks this time around

Brian Katulis
US President Donald Trump greets Palestinian President Mahmud Abbas during a summit on Gaza in Sharm el-Sheikh on October 13, 2025. Evan Vucci / AFP
Politics

Can Palestinians trust Donald Trump?

14 October 2025

Only US pressure will ensure that Israel honours the Gaza ceasefire

Omar H. Rahman
Nesma Moharam
Politics

Two years after October 7

06 October 2025

Al Majalla examines the repercussions of Hamas's attack on Israel, which set into motion a series of significant changes and power shifts in the Middle East

Al Majalla - London
Malagasy Colonel Michael Randrianirina, head of the CAPSAT military unit, reads out a statement in front of the presidential palace, where he announces the army is taking power in Antananarivo on October 14, 2025. Luis TATO / AFP
Politics

Madagascar's military coup is part of a wider African trend

14 October 2025

A rapid chain of events led to the president fleeing for his life following deadly clashes with citizens. But what happened is not uncommon for Africa. Al Majalla explains why.

Sergey Eledinov
Iraqi painter and sculptor Dia al-Azzawi
Culture & Social Affairs

Dia Azzawi’s latest murals mourn the ruin of Arab cities

09 October 2025

Iraqi sculptor's epic wall-mounted installations evoke the destruction of Aleppo and Mosul, displayed in Beirut in the shadow of ongoing genocide in Gaza.

Mohamed abi Samra

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