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The costs of Erdoğan’s fight for Turkey’s ‘economic independence’

Turkey's consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip Erdoğan 's unorthodox battle for his developing country's...
Business

Saudi Arabian exports to Turkey hit record high amid boycott of Turkish goods

Turkey’s imports from Saudi Arabia rose to $3 billion in the first 11 months of 2021, while exports to the country decreased to $189...
Business

Turks’ confidence in AKP economic policies declined in 2021: poll

More than 75 percent of Turks have said their confidence in the ruling Justice and Development Party (AKP)’s economic policies has decreased over the...
Business

Turkish inflation hits 19-year high in December

Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed Monday, after a currency crisis sparked by President...
Business

Turkish central bank sold $687 million in Dec. 10 market intervention

Turkey's central bank said on Friday it sold $687 million during its direct market intervention on Dec. 10 to support the ailing lira, bringing...
Business

Economic confidence in Turkey drops to lowest level in 7 months

Turkey’s economic confidence index tumbled 1.8 percent month-on-month in December to 97.6 points, the lowest figure since May, data from the Turkish Statistical Institute...
Business

Turkish lira crisis turns political with lawsuit threat

Turkey's currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who commented on social media about the...
Business

Turkish central bank announces support for conversion of gold deposits to lira

The Turkish Central Bank has said it will provide an incentive for people to convert their gold deposits and participation funds into Turkish lira time...
Business

26 economists, journalists face complaints due to comments about exchange rate

Turkey’s Banking Regulation and Supervision Agency (BDDK) has filed criminal complaints against 26 people including two former central bank governors, economists and journalists due...
Business

Turkey’s banking watchdog files complaints against 5 economists due to lira comments

Turkey’s Banking Regulation and Supervision Agency (BDDK) has filed criminal complaints against five economists including a former central bank governor due to their comments...
Business

Erdoğan: Turkey has burst its forex bubble with latest measures

Turkey's President Recep Tayyip Erdoğan said on Friday the government had burst a bubble in the foreign exchange market by taking steps this week...
Business

Controversial Halkbank commercial raises questions of profiteering on Turkish lira

A TV commercial released by Turkish state lender Halkbank less than 24 hours after President Recep Tayyip Erdoğan’s announcement on Monday of an emergency...
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