Business Why Turkey's currency is crashing after Erdogan got reelected A man carries goods in a street market at Eminonu commercial area in Istanbul, Turkey, Wednesday, June 7, 2023.

Turkey, a country straddling the line between East and West, has long been a geopolitical and economic focal point. But how ...

Turkey's currency dropped again Monday as the country wrestled with a crisis that has rattled markets around the world.

Turkish President Recep Tayyip Erdogan won reelection last month despite a battered economy and a cost-of-living crisis that experts say are exacerbated by his unconventional economic policies ...

Turkey has been plagued by a currency crisis and skyrocketing inflation since 2021, which economists say are the result of Erdogan’s unorthodox belief that raising interest rates will increase ...

WHY IS TURKEY’S CURRENCY FALLING? The Turkish lira tumbled to record lows against the dollar this week, first falling 7% on Wednesday and then 1.6% on Friday.

WHY IS TURKEY’S CURRENCY FALLING? The Turkish lira tumbled to record lows against the dollar this week, first falling 7% on Wednesday and then 1.6% on Friday. Economists say the sharp slide earlier in ...

WHY IS TURKEY'S CURRENCY FALLING? The Turkish lira tumbled to record lows against the dollar this week, first falling 7% on Wednesday and then 1.6% on Friday.