Reflections from our correspondents on the ground in the Turkish capital.
May 6, 2021
Finance ministry again drops 10-year domestic bond auction from borrowing programme. Once more, ‘Erdoganomics’ is causing trouble for the Turkish economy.
May 3, 2021
The air is thick with trepidation as to what could be around the corner. And rightly so.
April 25, 2021
Interpol red notice put out for 27-year-old founder of Thodex who may be in Albania after putting a lock on $2bn of investors’ money.
April 22, 2021
With Turkish opposition politicians embroiled in dust-up with Beijing’s finest, it’s worth reflecting on the comedy of errors that is Western analysis of Turks growing closer to China.
April 19, 2021
Derisory attempts at defending the lira in evidence. The fact that the country’s coronavirus crisis is about to go hardcore will not help.
April 8, 2021
Anxious times for a central bank with a net FX position of around minus $60bn.
April 5, 2021
Thigh deep in the economic quagmire, Erdogan regime at least hears that as things stand Europe can live with it, while Biden seems unlikely to opt for a ruckus.
March 25, 2021
Turks starting to pay the bill for 18 years of horrendous economic mismanagement.
March 24, 2021
Lira briefly moves past 8.00 after currency is provided to London offshore. Erdogan appeals to Turks to sell their gold.
March 23, 2021
Officials erecting defences work to make it expensive to short the Turkish currency. “It’s killing people already invested in lira assets,” says analyst.
March 21, 2021
The 2018 Turkish lira crisis did not set wider markets aflame. With the currency poised for another collapse this week, analysts are tracking whether things could be different this time round.
February 28, 2021
Lira goes into reverse as global environment sours and unease grows over how Turkey’s newfound economic orthodoxy might not last.
February 9, 2021
Central bank chief, meanwhile, says no rate hike “for a long time”, though he has not defined “long time”.