Turkish inflation soars to 36% as lira crisis flares

Turkey’s annual inflation rate surged to 36.1% last month, its highest in the 19 years Tayyip Erdogan has ruled, laying bare the depths of a currency crisis engineered by the president’s unorthodox interest-rate-cutting policies.

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As lira struggles, Turkish newlyweds stockpile

Ezgi and Cagri Bektas Dag hoped to travel after getting married but they are spending an increasing amount of their money stocking up on non-perishable food as they try to keep one step ahead of a plummeting lira currency and rising inflation in Turkey.

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Turkish lira sees volatile trade on Erdogan plans

Turkey’s lira rocketed back from record lows in volatile trading after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings.

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Turkish lira at record low puts Erdogan under pressure | DW News

Turkey’s currency, the lira, has tumbled to an all-time low against the US dollar, one day after Turkey’s president cited Muslim teachings to justify his decision not to raise interest rates to stabilize the currency.

The weak lira is driving prices higher. Many people in Turkey are now struggling to buy food and other essentials. The steep devaluation has also seen foreign visitors – mostly from Greece and Bulgaria – crossing into Turkey to take advantage of their new-found purchasing power.

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Turkish cenbank cuts rates despite lira crash

Turkey will hike its minimum wage by a massive 50% starting next year to address a currency crash and inflation spike, even as the central bank slashed its policy rate in line with an unorthodox economic program set out by President Tayyip Erdogan.

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Turkish lawmakers brawl over budget talks

A budget debate between Turkish Interior Minister Suleyman Soylu and an opposition lawmaker escalated into fisticuffs involving dozens of members pushing and pulling at each other in the chamber.

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Turkish lira plunges, loses nearly 40% it’s value this year | DW News

It’s been an especially tough past few days for the Turkish lira. It remains near all-time lows against the dollar. The country recently cut interest rates at the insistence of President Recep Tayyip Erdogan despite the warnings of economists. The consequences are borne by normal Turks. Many are now angry.

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Turkish lira crashes on inflation fears

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.

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Turkish farmers blame extreme drought on climate change

As world leaders convene in Glasgow for the U.N. #COP26 climate summit, Turkish farmer Bicar Icli’s woes highlight the problems facing farmers in Turkey and elsewhere due to extreme weather linked to climate change.

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Turkish Life in Germany: How it started and how it’s going | DW Stories

The recruitment agreement between Germany and Turkey in 1961 had far-reaching consequences for German society. At that time, the so-called guest workers came to work temporarily in Germany. But many of them stayed for good – and started families here. Three generations discuss their feelings about Germany and what home is for them.

00:00 Intro
01:11 Recruitment in the 1960s
02:43 Should I stay or should I go?
03:50 Where is home?
05:55 Acceptance and discrimination
07:47 Without turkish influence, Germany would be?

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