Turkish lira continues to tank, reaching all-time low since December 2021

The annual inflation of the Turkish lira rose to nearly 80 percent, according to official data released on 4 July

Turkish lira bounces back after government pledges to protect local currency deposits

The lira rose to trade at 11 per US dollar after dropping to historic lows last week

Russia looking to bolster reserves with Turkish, Chinese currencies

Russia, along with several other sanctioned nations, has begun moving away from western currencies in order to overcome sanctions

Five major Turkish banks adopt Russian payment system

Western nations are reportedly on high alert about Ankara's flourishing economic ties with Moscow

Turkish social media campaign seeks to prohibit Syrian dual citizens from voting

Turkish social media users have launched a highly discriminatory campaign against the voting rights of Turkish citizens from Syrian ethnic backgrounds

UAE, Turkish officials hold talks on defense and military cooperation

The two officials also discussed regional and bilateral issues following hostilities over disagreements relating to Syria, Libya, and Qatar

Polls show over half of Turkish voters would not re-elect Erdogan

Skyrocketing prices and a weakened currency have caused widespread discontent against the incumbent president one year ahead of presidential elections

Turkey’s state banks urging depositors to convert foreign currency to lira: Report

Despite the government's push to halt the dollarization of Turkey's economy, financial institutions warn that the currency could end year's trading at more than 20 US dollars per lira

Turkish currency tumbles once more despite aggressive state intervention

The Turkish lira has been on a tailspin since November after President Erdogan implemented sharp interest rate cuts in the hopes of fighting inflation

Turkey’s stock market halts trading as lira hits new low

Economists believe that inflation will surpass 30 percent next year if Turkish President Recep Tayyip Erdogan continues to slash interest rates

Turkish currency hits new record low as Central Bank reserves shrink

Despite a crisis that has seen the Turkish lira lose almost 50 percent of its value this year, President Erdogan stands firm in his strategy to keep interest rates down

Assassination attempt on Turkish president foiled

A bomb was reportedly discovered underneath the vehicle of a police officer tasked with providing security for Erdogan

Turkish President says he will ‘stand firm’ on monetary policy despite growing crisis

President Erdogan says he will "never support" a policy to increase interest rates

Turkish currency crisis spills over into Syria’s HTS-controlled northern region

Citizens in the city of Idlib say wages are no longer enough to cover their needs ahead of the winter months

Turkey delivers 20 armed drones to UAE

International demand for Baykar's manufactured drones soared after their success in Ukraine, Syria and Libya

Turkey hikes energy costs as inflation soars

The Turkish president’s controversial economic policies have contributed the country’s deteriorating economy

Turkey and Iran ink cooperation deal valued at $30bln per year

This is the second multi-billion dollar agreement that Tehran seals in one day, after signing a $40bln energy deal with Russia

Turkey allegedly discovers massive rare earth mineral reserve

The major discovery claimed by Ankara comes at a time when the country is facing runaway inflation levels

Turkey’s annual inflation closes in on 80 percent

The highest price hikes in June were in the transport sector, with prices soaring by 123 percent within a year

Turkey to press forward with interest rate cuts as currency tumbles

President Erdogan has blamed high inflation partially on citizens keeping their savings in foreign currency

Inflation in Turkey jumps past 70 percent, hitting 24-year high

An unorthodox economic policy based on sharp interest rate cuts has seen skyrocketing prices of transportation and food

Turkey hikes energy price for second time this year

Inflation reached 70 percent earlier this year as a result of an unorthodox economic strategy pursued by President Erdogan

Erdogan plans to repatriate one million refugees to northern parts of Syria

The government also banned Syrian refugees who live in Turkey from travelling to northern Syria for Eid al-Fitr

Inflation in Turkey approaches 70 percent in April

A unions confederation calculated that food prices increased by eight percent in April alone in the capital Ankara

Turkey considers restoring ties with Syria

Internal talks in the Turkish government indicate a shift in direction after years of supporting extremist rebels seeking to oust the elected Syrian government

Turkey inflation reaches 61 percent amid soaring energy prices

The conflict in Ukraine has caused a surge in global commodity prices, threatening Turkey’s latest economic program which aims to achieve account surplus

Militants in Syria’s Idlib capitalize on rising global prices

The militant group, HTS, has been using the Ukraine crisis to profit in the Idlib region of Syria, which has a 97 percent poverty rate

Ukraine war triggers food security crisis in Arab world and beyond

Russia and Ukraine supply most of West Asia and North Africa’s wheat, which is the integral ingredient in the region’s most critical food staple

Inflation in Turkey hits 20-year high amid Ukraine crisis concerns

Experts believe inflation could reach as high as 70 percent before the end of the year

Turkey keeps interest rate unchanged for second month in a row

Rising prices and high inflation have affected political support for the Turkish President ahead of next year's elections