As Sweden and Finland move ahead with their plans to join NATO, Russian President Vladimir Putin said on Monday that he has no issues with the decisions, provided there is no military threat to his nation. “As to enlargement, Russia has no problem with these states—none. And so in this sense there is no immediate…
Turkish Lira Declines Against Dollar Again Amid Concerns Over Erdogan’s Monetary Policy
December 27, 2021
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The Turkish Lira slid against the dollar yet again on Monday amid ongoing investor concerns over President Tayyip Erdogan’s monetary policy. The decline follows a rollercoaster ride of volatility that saw the currency surge more than 50 percent last week after the country’s government announced a number of measures to safeguard deposits held in lira against currency fluctuations….
Turkish Citizens Abandon the Lira for Dollars Amid Unstable Economy and Soaring Inflation
November 29, 2021
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Turkish citizens are abandoning the country’s currency, the lira, in exchange for U.S. dollars amid an unstable economy that has seen inflation levels soar. The lira crashed 15 percent against the dollar on Tuesday last week in its second-worst day ever after President Tayyip Erdogan, who has led the country since 2003, said that he would not be deterred…
Apple Customers in Turkey Can No Longer Purchase Devices From Official Stores After Lira Crashes
November 24, 2021
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Apple has temporarily halted online sales of some of its devices on official stores in Turkey after the country’s currency, the lira, crashed 15 percent on Tuesday against the dollar. Currently, consumers looking to purchase Apple products including iPhones and Macs from the official Apple store in Turkey are able to view the products on the website….
Turkey Says Part of Cyprus Ghost Town to Reopen; EU, UK, US Object
NICOSIA—Turkish Cypriot authorities announced on Tuesday a partial reopening of an abandoned town for potential resettlement, drawing a strong rebuke from rival Greek Cypriots of orchestrating a land grab by stealth. Varosha, an eerie collection of derelict high-rise hotels and residences in a military zone nobody has been allowed to enter, has been deserted since…
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