Page 36 - Devlet Bahceli News Today

Turkey’s president follows his own advice even as economy slips

President Recep Tayyip Erdogan is increasingly isolated as he clings to an economic prescription that few endorse but that he believes will bear results before elections.

Responding to Turkey’s stepped up rhetoric on Uyghurs, Beijing is taking aim at an ethnic issue sensitive to Ankara.

‘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.

On what was called Black Tuesday in the media this week, the value of the Turkish lira against foreign currencies declined sharply, bringing the exchange rate to 13.5 Turkish liras to the US dol...

Here are the main elements of Turkish President Tayyip Erdogan's economic strategy, which economists have ridiculed as reckless

Turkey's lira nose-dived 15% on Tuesday in its second-worst day ever after President Tayyip Erdogan defended recent sharp rate cuts, and vowed to win his "economic war of independence" despite widespread criticism and pleas to reverse course.

2/2 © Reuters. FILE PHOTO: A currency exchange holds Turkish lira banknotes in Ankara, Turkey, on September 27, 2021. REUTERS / Cagla Gurdogan / Photo

President Tayyip Erdogan has set Turkey's $720-billion economy on a risky new path of aggressive interest rate cuts that he says will boost jobs, exports and growth and paradoxically stem soaring inflation and a currency meltdown.