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A Ukrainian tourist poses for a picture near the Hagia Sophia Mosque in Istanbul.
Bulent Kilic/AFP via Getty Images

What does 20% inflation feel like in Turkey?

Dec 21, 2021
A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government's policies.
Turkey's economic woes are driving many young people to look abroad for opportunity, which could lead to a damaging brain drain.
BBC/Stephen Ryan

Lira's decline hangs over Turkey's people

Dec 13, 2021
Turkey's currency, the lira, has dropped to a record low. Its decline has the central bank there contemplating a cut in interest rates.
A vendor sorts his lottery tickets displayed on a stall on a street in Ankara on December 12, 2021.
ADEM ALTAN/AFP via Getty Images

Turkey’s president wants to boycott American electronics. Good luck with that.

Aug 14, 2018
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.
Justin Sullivan/Getty Images

Turkey’s new debt problem

Aug 13, 2018
Because of the country’s falling currency, its foreign debt just got a lot more expensive.
A teller holds Turkish lira banknotes at a currency exchange office in Istanbul on August 13, 2018.