After winning the elections, Turkey’s President Erdogan handed over the management of the economy to Mehmet Şimşek, whom he appointed as the Minister of Treasury and Finance, and the management of the Central Bank to Hafize Gaye Erkan.
The devaluation of the Turkish lira. Comment: Turkey’s national currency, the Turkish lira, has drastically plummeted in the last quarter of this year, from 8.86 Turkish liras for one dollar in October to 16.42 Turkish liras for one US dollar. So, the Turkish lira lost almost double its value against the US dollar and that […]
Over the past two months, Turkey was going through a major economic crisis. The Turkish lira is constantly declining day by day. Although Wednesday heralds the arrival of Thursday, yet the wrong policies that were implemented over the years are waving an invitation to usher crises. Although the exchange rate has also increased, officials are […]
Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]
Hizb ut Tahrir/ Wilayah Turkey organized a conference in Istanbul entitled, “Islamic Solutions to Economic Problems.” Ust. Abdullah İmamoğlu gave a speech entitled “Islam is the Only Source of Revival ” and after the brother’s speech a video recording was shown entitled, “The Source of Economic Problems and their Islamic Solution.” Musa Bayoğlu entitled, “The […]
Turkey’s agenda is shaken by the dramatic collapse of the Turkish lira against the US dollar. The US dollar, which was equivalent to about 6 Turkish liras at this time last year, has crossed the 13 Turkish liras range. The rise in the exchange rate naturally leads to a rise in the prices of all […]
Headlines: Pakistan’s Debt Skyrockets Iran Nuclear Talks Resume Turkey Economic Crisis Gets Worse
West Raises Alarm of Renewed Russian Escalation at Ukrainian Border According to a report by the Military Times on Sunday, ‘Russia has more than 92,000 troops amassed around Ukraine’s borders and is preparing for an attack by the end of January or beginning of February, the head of Ukraine’s defense intelligence agency told Military Times.’ […]
Details: • Biden Tries to Maintain Distance Despite Netanyahu Provocation • Saudi Iran Talks, Turkish Lira • Erdogan Offers Strategy Based Diplomacy to Rein in ‘Israel’ • We Stand with Gaza: PM Imran Khan Reiterates Support for Palestine • China and the US Dash Toward Another MAD Arms Race Biden Tries to Maintain Distance Despite […]
