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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 Secretary of State Marco Rubio, Libyan National Army Deputy Commander Saddam Haftar, and Trump advisor Massad Boulos in Washington on 29 June, 2026. @US_SrAdvisorAF/X
Politics

US plan for Libya: unification or management of division?

26 June 2026

A US envoy wants the institutions of western Libya to accommodate the son of an eastern warlord as Libyan president. Is this another doomed effort to unite the feuding factions, or could it work?

Areig Elhag
Dave Murray
Science & Technology

More than a game: a look inside the mind of a football fan

30 June 2026

As the FIFA World Cup 2026 shows, identity, belonging, and tension combine to make football fandom unlike any other sport. So, what is going on in fans' brains?

Alaa Emara
A fighter loyal to Sudan's army chief Abdel Fattah al-Burhan holds up a weapon backdropped by the minaret of a mosque, during a graduation ceremony in the southeastern Gedaref state on 27 May 2024. AFP
Politics

The quiet push to finally end Sudan's civil war

29 June 2026

External actors and some domestic parties are believed to be working behind the scenes towards a settlement. Why now?

Shawgi Abdelazim
Chinese President Xi Jinping stands in the centre of the hall during the China-Africa forum at the Great Hall of the People in central Beijing, on 5 September 2024.
 AFP
Business & Economy

China doubles down on Africa with its zero-tariff policy

01 July 2026

Beijing's duty-free access for African exports promises mutual economic gains, but more importantly, it deepens its strategic influence across the continent

Rabia Abdul Salam
Eduardo Ramon
Politics

Why siccing Syria's army on Hezbollah is so dangerous

28 June 2026

If Trump's idea is implemented, it would all but certainly further undermine regional stability and US interests in the Middle East

David Schenker

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OPINIONS

Libya: power sharing

Al Majalla - London
Al Majalla - London

Libya’s intransigent factions test US push for unity

Tarek Megerisi
Tarek Megerisi

Trump's Libya deal: a 'forced marriage' between East and West?

Manaf Saad

Indirect talks in Doha inch fragile US-Iran truce forward

Con Coughlin
Con Coughlin
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