Erdogan’s grip tightening triggers Lira dive

The Turkish Lira dived against the dollar this week as the Turkish state took control following the conviction of Istanbul’s Mayor, the biggest threat to President Recep Tayyip Erdogan’s 2023 re-election. The

Erdogan told to stop provoking Cyprus

Influential US senator Robert Menendez called on Turkish President Recep Tayyip Erdogan to halt provocations in Cyprus immediately. He issued the warning in a video message to the World Conference of Cyprus Diaspora

Busy day for central banks

By Craig Erlam A plethora of central bank meetings and the maintenance completion of Nord Stream 1 have guaranteed another frantic session in financial markets on Thursday. The resumption of gas flows


Is Turkish foreign policy changing?

The news that Turkey and Armenia had a first round of talks in Moscow to establish diplomatic relations and open their borders reminded me of the phrase “a wind of change” used


Turkish lira revived by Erdogan’s support

The Turkish lira remains volatile as traders digested measures proposed by President Tayyip Erdogan and the Turkish central bank to guard local currency savings against the drop in value. On Tuesday, the

New low for shaky Turkish Lira

The Turkish Lira has reached another record low, as President Recep Tayyip Erdogan refers to Islamic usury doctrine to defend his insistence on his unorthodox low-rates policy. The currency, which has lost

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