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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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A US Navy sailor directs a Eurocopter AS-332 Super Puma helicopter on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln, which is supporting US military operations in the war with Iran on 16 August 2026. US. Navy/REUTERS
Politics

US troops leave Iraq, but double down in the region

30, Sep 2026

Why 30 September should be understood less as a US exit from the Middle East than as the end of a particular model of American intervention

Caroline Rose
Eduardo Ramón
Documents & Memoirs

Exclusive interview with the man who caught Eli Cohen

30, Sep 2026

Ibrahim Hamidi spent years following the story of Mossad's 'spy in Damascus ', but some secrets remained untold. He then learned that the man who could answer them was still alive

Ibrahim Hamidi
Moroccan Foreign Minister Bourita & Israeli Foreign Minister Sa'ar agreed to advance their
relationship on security, trade, and regional integration on 16 September 2026. @USAmbUN/X
Politics

Morocco expands ties with Israel: why now?

28, Sep 2026

After months of behind‑the‑scenes talks, Rabat and Tel Aviv are deepening ties under a new phase of the existing Abraham Accords, with Western Sahara being dangled as an incentive

Mohamed Sharki
US President Donald Trump and Chinese President Xi Jinping view portraits of former US presidents at the White House, Washington, DC, on 24 September 2026. Reuters
Politics

US-China summit: did Xi get what he wanted?

29, Sep 2026

Why the Chinese president's visit to Washington could be considered a success, despite no big movement on trade, Taiwan, and technology

Charbel Barakat
Soldiers from the Ethiopian National Defence Force chant slogans after completing their training at an officers' training ground 70 kilometres northeast of the city of Gondar, Ethiopia, on 14 September 2021. AFP
Politics

Turmoil in Tigray: the view from Ethiopia's neighbours

30, Sep 2026

While many would like to see Addis Ababa distracted, they also worry about a refugee spillover should a civil war break out. It might be a case of 'be careful what you wish for'

Sergey Eledinov

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