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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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Inside Assad’s nuclear secrets

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Al Majalla reveals the structure of Syria's nuclear programme 19 years after Israel bombed the Al-Kibar reactor, detailing the involvement of other states and the assassinations that followed

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Underwater image of a diver among fish at the North Seymour Island dive site in the Galapagos archipelago, Ecuador, taken on 8 March 2024. ERNESTO BENAVIDES / AFP
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The global race for rare earths reaches the ocean floor

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A critical mineral found on Japan's seabed has caught US attention, and the two are teaming up to see whether it can yield future benefits and reduce their dependence on China

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The murky origins of al-Qaeda explained

09 September 2026

Thousands of Muslim volunteers flocked to Afghanistan in 1979 to fight the Soviets in response to a rallying cry, aided by the largest covert operation in CIA history

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Susan Sarandon on fear, freedom, and refusing to change

08 September 2026

The renowned American actress tells Al Majalla about her gnawing drive for justice at the Venice Film Festival, where her new film 'Echo Chamber' premiered

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