turkish lira

“We feel super rich,” one visiting couple said.

A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government’s policies.

Turkey’s currency, the lira, has dropped to a record low. Its decline has the central bank there contemplating a cut in interest rates.

Turkish President Recep Tayyip Erdoğan wants to pull his people away from American-made smartphones and push them toward products from homegrown company Vestel. That could prove difficult, once you take a closer look at what comprises Vestel's phones.

Because of the country’s falling currency, its foreign debt just got a lot more expensive.