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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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Forces that seized control of the Second Military Region Command on the outskirts of Al Mukalla, the capital of Hadramout, on 3 January 2026. AFP
Politics

Saudi Arabia's red line in Yemen explained

08 January 2026

Overcoming Yemen's fragmentation requires more support for the Riyadh-led path—one that rejects secession, all militias and institutionalises the state

Abdullah F. Alrebh
A Venezuelan oil tanker in the middle of the sea near Singapore, after being pursued by US authorities, on 18 March 2025. Reuters
Business & Economy

The problem with Venezuela's oil is technical, not political

04 January 2026

Tighter US control over Venezuelan exports won't necessarily redirect barrels, reshape trade flows, or alter global supply balances

Faisal Faeq
Al Majalla
Politics

5 unanswered questions about Trump’s Venezuela plan

06 January 2026

Maduro's exit doesn't mean the end of his government

Ravi Agrawal
Al Majalla
Documents & Memoirs

Putin foreshadowed the Ukraine war in 2008 meeting with Bush

06 January 2026

Recently declassified meeting minutes between the two leaders show how Washington was well aware of Moscow's grievances over NATO expansion, but went ahead anyway

Samer Elias
People ride in an old electric tram in Alexandria, Egypt, on 3 August 2017. REUTERS/Amr Abdallah Dalsh
Culture & Social Affairs

Alexandria bids farewell to its historic tram

07 January 2026

More than 160 years after the first tram was inaugurated in the Egyptian city, the pace of life has forced change, replacing the much-loved old carriages holding memories of a bygone age

Yasmin Abdallah

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