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Wednesday, December 01, 2021

Turkey: Lira slips to record low because of Erdogan - The Jerusalem Post

Turkish lira slips to record low because of Erdogan Recep Tayyip Erdogan interferes in Turkey's monetary policy - with serious consequences for the country's currency. More:Turkey: Lira slips to record low because of Erdogan - The Jerusalem Post

Turkish lira seesaws as cenbank intervenes, Erdogan speaks | Reuters

Turkish lira seesaws as cenbank intervenes, Erdogan speaks By Tuvan Gumrukcu and Ezgi Erkoyun ISTANBUL, Dec 1 (Reuters) - A sharply fluctuating Turkish lira flirted with record lows on Wednesday as the central bank said it had intervened to prop up the currency, while President Tayyip Erdogan reaffirmed his determination to stick with steep rate cuts. More:Turkish lira seesaws as cenbank intervenes, Erdogan speaks | Reuters

Turkish Central Bank intervenes to curb 'unhealthy' lira losses - Al-Monitor: The Pulse of the Middle East

Turkish Central Bank intervenes to curb 'unhealthy' lira losses Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira. More:Turkish Central Bank intervenes to curb 'unhealthy' lira losses - Al-Monitor: The Pulse of the Middle East

Tuesday, November 30, 2021

Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment' | Reuters

Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment' By Daren Butler and Tuvan Gumrukcu ISTANBUL, Nov 30 (Reuters) - Turkey's lira plunged as low as 14 to the U.S. dollar and hit new lows against the euro on Tuesday, capping a historical month of selling after President Tayyip Erdogan again endorsed aggressive interest rate cuts despite widespread criticism and soaring inflation. More:Turkish lira hits 14 to USD in face of Erdogan's 'dangerous experiment' | Reuters

Turkey's economic confidence index fell 2% MoM in November - Eminetra

Turkey’s economic confidence index fell 2% MoM in November According to the Turkish Institute of Statistics (TurkStat), Turkey’s economic confidence index, which was 101.4 in October, decreased by 2% to 99.3 in November. This decline was due to a decline in the Consumer Confidence Index and the Service Confidence Index, down 7.3% to 71.1 and 0.7% to 119.4, respectively. More:Turkey's economic confidence index fell 2% MoM in November - Eminetra

How Erdogan’s dictatorial economics is fuelling Turkey's inflation, throwing lira off track

How Erdogan’s dictatorial economics is fuelling Turkey’s inflation, throwing lira off track With almost a year left for general elections, Turkish President Recep Tayyip Erdogan’s politics has started hurting its economy. Experts fear it’s not going to end well. More:How Erdogan’s dictatorial economics is fuelling Turkey's inflation, throwing lira off track

‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis - The New York Times

Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis President Recep Tayyip Erdogan’s insistence on directing monetary policy and sticking with low interest rates is draining confidence, economists say. More:‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis - The New York Times

Murder of women in Turkey: Femicide requires harsher sentencing - Qantara.de

Murder of women in Turkey Femicide requires harsher sentencing According to lawyers and women's rights activists, the prison term for the murder of women in Turkey is not long enough. They argue that the brutality of the crime should carry more weight during sentencing – and hope thereby for a deterrent. Burcu Karakas reports More:Murder of women in Turkey: Femicide requires harsher sentencing - Qantara.de

Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy

Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy His erratic policies scare away tourists and foreign capital. Eric Edelman and Aykan Erdemir Mordy and Natalie Oknin, an Israeli couple visiting Istanbul, filmed a video last week to dispel fears among Israelis too scared to visit Turkey. Natalie said, “There is nothing to fear. It is fun in Turkey, safe in Turkey, you can speak Hebrew openly. They love us Israelis.” Her husband added, “Come, everything is okay.” Shortly after, however, the Oknins ended up in solitary confinement for six days on spurious charges of espionage and were able to return home only following backchannel talks between Ankara and Jerusalem. The swift resolution of the latest episode of Turkish President Recep Tayyip Erdoğan’s hostage diplomacy should not gloss over the harm it does to the detained victims and its collateral damage to Turkey. More:Turkey is Collateral Damage in Erdoğan’s Hostage Diplomacy