ع
Sections
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Documents & Memoirs
Regions
  • Gulf
  • MENA
  • Europe
  • USA
  • Asia
  • World
More
  • Videos
  • Cartoons
  • World in photos
  • Infographics
  • Profiles
  • Newsletter

LATEST ISSUE

Latest Issue
Magazine Archive
النسخة العربية
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Tag
  • 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
  • Popular
  • Editor's Pick
Al Majalla/Reuters
Politics

Houthis seek expansion after reaching Bab al-Mandab

17 September 2026

After rapid advances, the Yemeni rebel group is fortifying its positions along the vital maritime chokepoint, while intensifying pressure in southwestern Taiz, northern Lahj, and Marib

Ibrahim Jalal
Al Majalla
Culture & Social Affairs

Backlash over Macklemore ban shows major US culture shift

16, Sep 2026

The American rapper's removal from Ed Sheeran's tour over his 'Free Palestine' speech and the British singer's meek rebuttal sparked an uproar on social media

Samer Abou Hawwach
Axel Rangel García
Politics

Francesca Albanese: the Palestine question is a global one

16 September 2026

In an interview with Al Majalla, the UN Special Rapporteur says the backlash against her for speaking out against Israel's genocide in Gaza reveals much about the current international order

Elie Kossaifi
Al Majalla
Business & Economy

AI data centres: the costliest infrastructure race in history?

16 September 2026

Investment could reach $50tn by 2050, but electricity, semiconductors and data laws will determine where the factories of the new economy are built

Abdel-Rahman Ayas
India's Prime Minister Narendra Modi shares a moment with Russian President Vladimir Putin as Chinese President Xi Jinping looks on during day two of the BRICS Summit in New Delhi, India, on 13 September 2026. REUTERS
Politics

Only China, India, and Russia can end the Iran war

15 September 2026

Washington needs its rivals to create peace on its behalf

Amir Handjani

Sign up for the Weekly Newsletter

Get the best of Al Majalla, straight to your inbox.

Your newsletter subscriptions are subject to Al Majalla privacy policy and terms and conditions.

OPINIONS

Riyad al-Sunbati and the art of improvisation

Fadi El-Abdallah
Fadi El-Abdallah

Red Sea coast gains leave Houthis exposed

Anwar Al-Ansi
Anwar Al-Ansi

Algeria looks to grow its influence in Africa through energy

Rabia Abdul Salam
Rabia Abdul Salam

Houthi Red Sea gains complicate Trump's Iran pressure campaign

Con Coughlin
Con Coughlin
MORE FROM OPINIONS
logo
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Documents & Memoirs
  • Gulf
  • MENA
  • Europe
  • USA
  • Asia
  • World
  • Videos
  • Cartoons
  • World in photos
  • Infographics
  • Profiles
  • About Al Majalla
  • Al Majalla Team
  • Terms of Service
  • Privacy Policy
  • Contact us
logo

© Al Majalla Magazine. All Rights Reserved.

0:00:00
0:00:00