Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on...
Recep Tayyip Erdogan can thank the Turkish lira for his rise to power. A financial crisis that delegitimized mainstream politicians propelled his campaign. The lira's 30...
"A widening current account deficit, coupled with $181 billion in short-term external debt liabilities and plunging foreign investments, portend further currency woes for Turkey"...
"Turkish authorities asked banks to carry out foreign exchange transactions with corporate clients between 10 a.m. (0700 GMT) and 4 p.m. (1300 GMT) when...
"Turkey’s lira slid by more than 4 percent against the dollar on Thursday, the biggest decline since a currency crisis heightened in December, and stocks slumped after...
"With the economy in freefall and allegations of political interference, people have taken to the streets to advocate for federal future" reports Helena Smith...
"Central bank forced to defend currency as traders respond to interest rate cut with sharp selloff" reports Larry Elliott in Guardian.
Fears that Turkey is...
"President Recep Tayyip Erdogan sat for an interview on national television late last month, apparently seeking to calm nerves about Turkey’s weakening currency and...
"While Turkey’s latest official inflation figures beat expectations, raising some concerns over data integrity, consumer prices are expected to keep rising amid growing global...
