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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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CIA Director John Ratcliffe at Joint Base Elmendorf-Richardson on 15 August 2025, in Anchorage, Alaska, where Donald Trump met with Vladimir Putin for peace talks aimed at ending the war in Ukraine. ANDREW HARNIK / AFP
Politics

Why Ratcliffe's secret visit to Moscow is concerning

27 August 2026

The American CIA director's visit looks to be a desperate attempt by the Trump administration to avert a doomsday scenario in which NATO is pulled into a larger war with Russia

Con Coughlin
Iranian President Masoud Pezeshkian and Chinese President Xi Jinping during their meeting in Beijing, China, on 2 September 2025. Reuters
Business & Economy

Will US sanctions on Iran bite? It may depend on China

26 August 2026

Beijing says it will not abide by the new 'Economic D-Day' measures and warns the US of retaliation if they hurt their oil trade with Tehran

Rana Freifer
Nigel Buchanan
Politics

Gadi Eisenkot: Israel’s next leader?

27 August 2026

Al Majalla looks at the former army general's career, political positions, possible paths to victory, and what a change in leadership could mean for Israel and the region after three years of war

Al Majalla - London
Sara Padovan
Science & Technology

When myth replaces medicine

25 August 2026

As social media transforms how people seek medical advice, figures such as Barbara O'Neill offer something conventional medicine rarely can: absolute certainty

Mohammed Mansour
Saudi Crown Prince Mohammed bin Salman (C), Turkish President Recep Tayyip Erdogan (L) and Pakistani Prime Minister Shehbaz Sharif posing after signing the Mecca Joint Defence Agreement in Mecca, Saudi Arabia on 7 August, 2026. PAKISTAN PRIME MINISTER'S OFFICE / AFP
Politics

Networked Middle East security

22 August 2026

The Iran war exposed the risks of being too closely tied to US military posture, which is why some Gulf states are repositioning themselves not merely as consumers of security but as architects of it

Bilal Saab

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OPINIONS

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Farouk Yousif

Gadi Eisenkot: Israel’s next leader?

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