It’s lost almost half its value over the past three months, the biggest retreat of any currency in the world over that period.“ What is it?... Don’t expect anything else from me, ” Erdogan said Sunday in televised comments from Istanbul.... “ But we will put up resistance against these....

The Turkish currency has depreciated by nearly 60% against the dollar since the start of the year. Even though official figures show that annual inflation has accelerated to 21%, the Central Bank has cut a key interest rate by 5 percentage points — to 14% — since September.... He has vowed to keep rates low and prioritize growth, exports and employment. The weakened lira is driving prices higher, making imports, fuel and everyday goods more expensive.... “ Don’t seek different ways to attack t

According to local news agency ANKA, there were 127 arrests. The DEM party denounced a “ coup against our municipality of Van and a blow to the will of the people ”, noting that Zeydan was elected in March with more than 55 per cent of the votes.... Turkiye’s government dismisses accusations of political interference in the cases and says the judiciary is independent. Eleven mayors, nine from DEM and two from the main opposition CHP party, have been dismissed since March 2024 local elections...

Little stands in the way of Turkey's currency collapse expanding into a deeper economic crisis after President Tayyip Erdogan ignored appeals, even from within his government, to reverse policy, according to top officials and analysts. Two people familiar with internal discussions said some government officials are uncomfortable with Erdogan's rate-cutting strategy and told him this....