Turkish finance minister wrecks economy ‘with a twinkle in his eye’ · Global Voices

Turkish finance minister wrecks economy ‘with a twinkle in his eye’ The minister dodged questions on the economy's failing figures Written by Arzu Geybullayeva Posted 30 December 2021 7:20 GMT Turkish Twitter-sphere was full of memes and jokes after the country’s new Minister of Treasure and Finance, Nureddin Nebati, exclaimed in a TV interview that the economy was about the “twinkle” in his eyes. The twinkle was the minister’s response to a question on economic indicators as the country navigates its worst-ever financial crisis, largely caused by President Recep Tayyip Erdoğan’s unorthodox economic policies, now dubbed Erdoganomics. More:Turkish finance minister wrecks economy ‘with a twinkle in his eye’ · Global Voices

Turkish Lira Crisis Turns Political With Lawsuit Threat

Turkish Lira Crisis Turns Political With Lawsuit Threat By Dmitry ZAKS 12/30/21 AT 6:13 AM Turkey's currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who comment on social media about the lira's slide. Finance Minister Nureddin Nebati's unusual remarks late Wednesday followed the banking regulator's decision to file complaints against more than 20 people -- including a former central bank governor -- over their Twitter posts. More:Turkish Lira Crisis Turns Political With Lawsuit Threat

Lira on four-day skid as Ankara struggles to hold confidence | Reuters

Lira on four-day skid as Ankara struggles to hold confidence By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL, Dec 30 (Reuters) - Turkey's lira fell as much as 6% on Thursday, extending a four-day slide after last week's big gains, as the government struggled to convince savers to ignore the volatility and worries over surging inflation and unorthodox rate cuts. More:Lira on four-day skid as Ankara struggles to hold confidence | Reuters

Erdogan may cash in on economy steps with early election, analysts say | Reuters

Erdogan may cash in on economy steps with early election, analysts say By Birsen Altayli and Orhan Coskun ISTANBUL, Dec 29 (Reuters) - Turkey's President Tayyip Erdogan has effectively opened the door to early elections, political analysts said, after two big recent announcements - a 50% rise in the minimum wage and a deposit-protection scheme that arrested a currency crash. More:Erdogan may cash in on economy steps with early election, analysts say | Reuters

Erdogan’s choices are destroying Turkey’s economy - D1SoftballNews.com

Erdogan’s choices are destroying Turkey’s economy The collapse of the lira in Turkey is putting the country’s economy at risk. It is not just a condition due to the global economic crisis. It is also, or perhaps above all, a consequence of the decisions of President Recep Tayyp Erdogan. More:Erdogan’s choices are destroying Turkey’s economy - D1SoftballNews.com

Time capsule with notes to future put into Istanbul's Bosphorus Strait - Global Times

Time capsule with notes to future put into Istanbul's Bosphorus Strait By Xinhua The first rays of the morning sun in the Bosphorus Strait in Istanbul, Turkey, on Dec. 11, 2021.(Photo: Xinhua)   "Dear people! I love you so much. I want to be a freediving champion, and I want to see a whale," Liza Sukhinina, an 8-year-old Russian freediver, wrote about her wish for the future in a letter. More:Time capsule with notes to future put into Istanbul's Bosphorus Strait - Global Times

Turks keep holding on to dollars as mistrust in Erdogan lingers - Al-Monitor: The Pulse of the Middle East

Turks keep holding on to dollars as mistrust in Erdogan lingers Ankara’s currency-defense scheme has stopped the lira’s nosedive for now, but there is no tangible sign that a return to the lira has begun to reverse the alarming dollarization in the country. More:Turks keep holding on to dollars as mistrust in Erdogan lingers - Al-Monitor: The Pulse of the Middle East

Lira slide pushes young Turks to virtual working overseas | Financial Times

Lira slide pushes young Turks to virtual working overseas Local businesses complain of ‘brain drain’ as programmers take jobs with international companies More:Lira slide pushes young Turks to virtual working overseas | Financial Times

Turkey’s Erdogan shows bark and bite by targeting stray dogs in culture war | The Independent

Turkey’s Erdogan shows bark and bite by targeting stray dogs in culture war Turkish president orders stray dogs into shelters derided as ‘death camps’ and accuses pet owners of elitism Borzou Daragahi Istanbul Faced with soaring inflation, sliding approval ratings, and scepticism by international partners, Turkey’s president has set upon an unusual new culprit: dogs, which have become a source of controversy and a political wedge issue in the polarised country. More:Turkey’s Erdogan shows bark and bite by targeting stray dogs in culture war | The Independent

Erdogan’s new economic plan no remedy for lost purchasing power - Al-Monitor: The Pulse of the Middle East

Erdogan’s new economic plan no remedy for lost purchasing power Even as Ankara rolls out a new scheme to contain the country’s currency crisis, the severe losses of millions of low-and middle-income Turks appears irreversible. More:Erdogan’s new economic plan no remedy for lost purchasing power - Al-Monitor: The Pulse of the Middle East

Analysis: Erdogan, struggle for way out of early election funnel

Analysis: Erdogan, struggle for way out of early election funnel December 26, 2021 AhlulBayt News Agency (ABNA): Amid the continuous slump of the Turkish national currency lira price, early elections demand by the opposition to end two decades of Recep Tayyip Erdogan rule of the country is stirring a heated debate of the media and political circles these days.  Over the past few days, lira crashed to a record low of 17 to the US dollar, with economists' forecasts suggesting that by the year's end the fall could reach 20. More:Analysis: Erdogan, struggle for way out of early election funnel

Turkey issues emergency-use authorization for its domestically produced vaccine. - The New York Times

Turkey issues emergency-use authorization for its domestically produced vaccine. By The New York Times Dec. 22, 2021 Turkey granted emergency-use approval for a domestically developed Covid vaccine on Wednesday, adding a third inoculation option for its citizens, as the Omicron variant increasingly fuels outbreaks in Europe and beyond. More:Turkey issues emergency-use authorization for its domestically produced vaccine. - The New York Times

Turkey’s crisis rattles the faithful in Erdogan’s heartland – EURACTIV.com

Turkey’s crisis rattles the faithful in Erdogan’s heartland A woman checks rates on a board of the currency exchange office in Istanbul, Turkey, 2 December 2021. [EPA-EFE/SEDAT SUNA] Turkish President’s Recep Tayyip Erdoğan’s single-handed policies have triggered a 56% fall in the lira this year and driving up the cost of living for ordinary Turks. Nevertheless, Erdoğan’s party still enjoys more support than any other and can rely on near blanket support from media owned predominantly by his supporters. Mre:Turkey’s crisis rattles the faithful in Erdogan’s heartland – EURACTIV.com

Opinion: Erdogan is pulling the wool over voters′ eyes | Opinion | DW | 21.12.2021

Opinion: Erdogan is pulling the wool over voters' eyes Turkey's president, Recep Tayyip Erdogan, appears to have pulled a financial rabbit out of the hat to stop the lira's free fall. But that will not help him secure another presidential term, writes Banu Güven. More:Opinion: Erdogan is pulling the wool over voters′ eyes | Opinion | DW | 21.12.2021

Why One Man Can Ruin Turkey’s Economy | Council on Foreign Relations

Why One Man Can Ruin Turkey’s Economy Did Erdogan break Turkish politics by empowering the presidency—or was it broken already? More:Why One Man Can Ruin Turkey’s Economy | Council on Foreign Relations

Over half of Turks disagree with Erdoğan’s new economic model - survey | Ahval

Over half of Turks disagree with Erdoğan’s new economic model - survey Dec 20 2021 06:33 Gmt+3 Fifty-seven percent of Turks say Turkish President Tayyip Erdoğan’s new economic model is wrong, according to a recent survey by Türkiye Raporu polling company. More:Over half of Turks disagree with Erdoğan’s new economic model - survey | Ahval

Turkey's Erdogan introduces anti-dollarisation measures to prop lira | National Post

Turkey's Erdogan introduces anti-dollarisation measures to prop lira NEW YORK — Turkish President Tayyip Erdogan introduced a series of measures that aimed to prevent further dollarisation and encourage savings to be made in lira, as he repeated a defense of his low-rates policy, even as the lira crashed to record lows. More:Turkey's Erdogan introduces anti-dollarisation measures to prop lira | National Post

Turks hunt for vanishing drugs in currency crisis

Turks hunt for vanishing drugs in currency crisis Ankara (AFP) – Fatih Yuksel is one of thousands of Turks rushing from one pharmacy to another in search of imported drugs that are disappearing as quickly as the lira is losing value. More:Turks hunt for vanishing drugs in currency crisis

Erdogan's unorthodoxy leaves Turks in the literal cold - Asia Times

Erdogan’s unorthodoxy leaves Turks in the literal cold Turkish leader’s monetary policies have caused a currency crisis and runaway inflation that has skyrocketed rents by as much as 290% By JONATHAN GORVETT DECEMBER 18, 2021 The Turkish lira is collapsing while inflation is surging. Image: Twitter On December 15, one of the more telling twists in Turkey’s current currency crisis occurred, far from the boardroom of the country’s beleaguered central bank. In Idlib – the last stronghold of Syria’s anti-Assad opposition – one of the most powerful armed factions running the Turkey-backed enclave, Hayat Tahrir Al-Sham (HTS), made a brief announcement. More:Erdogan's unorthodoxy leaves Turks in the literal cold - Asia Times

Erdogan Faces Anger Over Turkey’s Living Cost, Threatening His 2023 Re-Election - Bloomberg

Turkey’s Erdogan Is Losing Support Where He Can Least Afford It An 800-kilometer journey from the president’s hometown to Turkey's capital, Ankara, shows his party is alienating voters ahead of elections in 2023. By Selcan Hacaoglu +Sign Up December 17, 2021, 2:21 AM EST Updated on December 17, 2021, 6:13 AM EST The anger sweeping along highways linking the humble hometown of Turkey’s leader and his plush lodgings in Ankara’s presidential palace is flashing a code red warning for Recep Tayyip Erdogan. More:Erdogan Faces Anger Over Turkey’s Living Cost, Threatening His 2023 Re-Election - Bloomberg