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Turkish lira crisis


23 Nov 2023
Currency exchange rates on display at a market in Istanbul, Turkey, 3 July 2023

Turkey's central bank raises interest rates to 40%

Turkey has been hit with soaring prices, but its president has only recently allowed rate hikes.

23 Nov 2023
Business
22 Jun 2023
Hafize Gaye Erkan

Turkey hikes interest rate to 15% in Erdogan U-turn

Turkey almost doubles its main rate, reversing one of President Erdogan's unorthodox economic policies.

22 Jun 2023
Europe
25 May 2023
Supporters of Turkish President Recep Tayyip Erdogan wave Turkish flags and cheer during his election campaign rally in Ankara, on April 30, 2023

Turkey decides: Stark choice for voters

Turks are at a historic turning point, facing dramatically different visions of their country.

25 May 2023
Europe
23 May 2023
Turkish President Tayyip Erdogan greets the audience during a meeting of his ruling AK Party to announce the party's election manifesto ahead of the May 14 elections, in Ankara, Turkey April 11, 2023

Simple guide to Erdogan's fight to stay in power

Turkey's leader is favourite to win another five years as president, after taking a first-round lead.

23 May 2023
Europe
5 Feb 2022
Grand Bazaar

Can tourism ease the inflation pressure in Turkey?

As people in Turkey battle a massive rate of inflation could tourism help ease the situation?

5 Feb 2022
Business
3 Jan 2022
Man counting Turkish banknotes

Turkey's inflation hits 36% amid financial turmoil

The cost of living hits a 19-year high as the country refuses to raise its interest rates.

3 Jan 2022
Business
21 Dec 2021
Man counting Turkish banknotes

Turkish lira in comeback after new plan unveiled

The lira sees strong gains for the second day running in response to moves to strengthen the currency.

21 Dec 2021
Business
17 Dec 2021
simit

How Turkish bread shows spiralling inflation

How the government's unorthodox approach to the economy is making everyday goods unaffordable

17 Dec 2021
Business
16 Dec 2021
Man counting Turkish banknotes

Turkey cuts rates despite spiralling inflation

President Erdogan's unconventional economic beliefs have caused the lira currency to collapse.

16 Dec 2021
Business

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