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Turkey ends lira protection scheme as banks tally up damage

With Turkey’s inflation on course to hit 70% by the year-end, the plan to convince depositors to shift to regular deposits with yields well below the inflation rate appears unviable. ....

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Why did Turkey restrict gold imports as it rolled new economic measures?

Observers believe Turkey’s new economic leadership is unlikely to take strong measures to curb inflation before Erdogan gets through local elections in March 2024. ....

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Turkey's tax hikes squeeze consumers amid growing deficit - Al-Monitor: Independent, trusted coverage of the Middle East

The Central Bank’s high-profile governor Hafize Gaye Erkan makes her first appearance before the press and economists as Turkish consumers feel the burden of price and tax hikes that continued throughout July. ....

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Turkey's Next President Will Win an Economy in Peril

A surge in government spending before the election this month and pressure on the country’s currency could hit the economy in coming months, experts say. ....

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Could Turkey's strongman be on the way out?

That would reshape the country and reverberate around the world | Briefing ....

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