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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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People hold Cuban flags and a flag supporting US President Donald Trump while participating in the "Cuba Libre" demonstration in the city of Hialeah, Florida, on 24 March 2026. GIORGIO VIERA / AFP
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Is the US on the verge of military intervention in Cuba?

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Seizing Castro could prove more costly and less effective than the capture of Maduro

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Protesters march during the "Rise Up for Gaza" international day of action at Washington Square Park, New York City, on 4 October 2025. Kena Betancur / AFP
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US public opinion finally sours on Israel: what next?

22 May 2026

As support for Israel weakens across the US political spectrum, once-taboo questions about military aid, lobbying influence, and US backing are moving into the mainstream

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Business & Economy

Europe eyes Algeria's shale gas amid supply crisis

22 May 2026

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The extravagant Hajj caravans of the sultans’ wives

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Through extravagant processions led by palace women, the Mamluk state projected a message of power and prestige at home and abroad, turning the Hajj obligation into a soft-power tool

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