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Turkey

Turkey

November 12, 2026

Ankara 12:18 am

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People walk past a Bitcoin sign at the entrance of a cryptocurrency exchange office on Nov. 8, 2024, in Istanbul, Turkey.

Watchdog urges Turkey to tighten digital asset rules for $144B crypto economy

A review of Turkey’s crypto-asset regulations by the Financial Stability Board acknowledged significant progress made by local authorities but called for further measures to address potential risks.

Turkish President Recep Tayyip Erdogan (L) and Central Bank Governor Sahap Kavcioglu attend a signing ceremony with Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan at the Presidential Complex in Ankara on Nov. 24, 2021. ADEM ALTAN/AFP via Getty Images

Turkey’s banking watchdog chief submits resignation amid fund scandal

Turkey’s government is facing growing criticism over regulators’ failure to prevent a fund scandal involving more than $20 billion.

Chris McGrath/Getty Images

Explainer

Iran war pushes up coal use, complicating Turkey’s COP31 pledge

Turkey is asking world leaders at COP31 to back a global push to use more electricity, even as the Iran war has driven up natural gas prices and pushed some power producers back to coal.

Latest News

Turkey bars MP’s wife from travel after his fund scandal criticism: What to know

OZAN KOSE/AFP via Getty Images

Steel factory explosion in western Turkey kills at least 16

A steel worker works in front of giant iron melting pot in Kardemir Iron and Steel Factory in Karabuk, northwestern Turkey, Aug. 26 2005. (TARIK TINAZAY/AFP via Getty Images)

Analysis

Will Democrats block Trump’s push to deliver Turkey F-35s, lift sanctions?

MEHMET ESER/Middle East Images/AFP via Getty Images

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Samuel Wendel

Senior Analyst, Middle East Business & Tech

In Washington, DC, reporting on regional business and tech

Amberin Zaman

Chief Correspondent

Reporting on geopolitics, minorities, human rights, culture

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Ezgi Akin

Associate Editor (Turkey)

In Ankara, reporting on diplomacy, EU-Turkey ties, NATO

Francesco Schiavi

In Bologna, reporting on security, defense, economy, governance

Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey's soaring sculptress

Turkish Jewish sculptor Nadia Arditti has emerged as one of Turkey’s leading artistic voices abroad since she returned home after pogroms forced her family to flee the country in the 1950s.

A street vendor sells traditional Turkish bagels, simit, outside the historical Grand Bazaar, known as the Covered Bazaar, in Istanbul January 3, 2014. When a senior Turkish businessman publicly criticised the central bank this week for failing to stabilise the tumbling lira currency, he was taking aim at a pillar of support for the government: its reputation for strong economic management. Monetary policy "is causing losses to companies which made transactions trusting in the central bank", complained Mehm

Pinar Tremblay on why she writes

Al-Monitor contributor Pinar Tremblay shares her thoughts on journalism.

Turkey's new President Tayyip Erdogan (2nd L) and outgoing President Abdullah Gul (R), attend a handover ceremony at the Presidential Palace of Cankaya in Ankara August 28, 2014. Erdogan was sworn in as Turkey's 12th president at a ceremony in parliament on Thursday, cementing his position as the country's most powerful modern leader, in what his opponents fear will herald an increasingly authoritarian rule. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS) - RTR444TR

Did Erdogan undermine Gul?

Turks question why President Recep Tayyip Erdogan said it would be good for former President Abdullah Gul to run for parliament.

Pro-Kurdish politicians Sirri Sureyya Onder (3rd L) and Pervin Buldan (6th R) read the statement of jailed Kurdish rebel leader Abdullah Ocalan as they are flanked by other Kurdish politicians during a gathering to celebrate Newroz in the southeastern Turkish city of Diyarbakir March 21, 2013. Ocalan ordered his fighters on Thursday to cease fire and withdraw from Turkish soil as a step to ending a conflict that has killed 40,000 people, riven the country and battered its economy. Hundreds of thousands of K

From housewife to Kurdish peace negotiator

Once a housewife, Pervin Buldan rose to the forefront of Kurdish politics, driven by her husband’s extrajudicial murder, and is now a member of the team involved in the talks between Ankara and jailed PKK leader Abdullah Ocalan.

The peace monument by Turkish sculptor Mehmet Aksoy is pictured in Kars, northeastern Turkey, January 9, 2011. The fate of a giant peace monument symbolising reconciliation between Turks and Armenians has caused a row in Turkey after Prime Minister Tayyip Erdogan branded it "monstrous" and called for its demolition. The unfinished monument by renowned Turkish sculptor Aksoy consists of two concrete figures more than 30 metres high who face each other on an hill in the northeastern city of Kars. Picture take

Erdogan fined $3,800 for insulting peace monument

A Turkish court has ordered President Recep Tayyip Erdogan to pay compensation for disparaging a statue dedicated to Turkish-Armenian friendship as a "monstrosity," leading to its demolition.

Syrian writer and journalist Samar Yazbek poses on September 26, 2014 in Paris. AFP PHOTO JOEL SAGET (Photo credit should read JOEL SAGET/AFP/Getty Images)

10 Middle Eastern writers you should know

These 10 female writers are challenging conceptions of women in the Middle East.

Turkish Air Force pilots stand in front of an F-4 fighter plane flanked by Turkish and Israeli flags during a ceremony for F-4E fighter planes at an air base in western Turkish city of Eskisehir January 27. Two F-4E 2020 planes were handed to Turkish air force during a ceremony in Eskisehir air base after they were modernised by Israeli air force as part of modernization of 54 Turkish F-4E fighter planes.

FS/GB - RTRPBQ

Turkey's 'flying coffins'

Turkey's loss of six pilots in the crash of three F-4Es has led to a public outcry as the nation awaits answers and the air force works on replacing the fleet.

International Monetary Fund (IMF) Managing Director Christine Lagarde (L) chats with Turkey's Deputy Prime Minister Ali Babacan (R) and Turkish Central Bank Governor Erdem Basci (C) during a family photo session at the G20 finance ministers and central bank governors meeting in Istanbul February 10, 2015. The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook f

Turkey’s conflicting visions of the economy

There is a growing conflict in Ankara between two distinct views of the economy: the rational/conventional one led by Deputy Prime Minister Ali Babacan and the conspiratorial/revisionist one led by Yigit Bulut, senior adviser to President Recep Tayyip Erdogan.

Retired U.S. General John Allen, special envoy for building the coalition against Islamic State, speaks to the media during a news conference at the U.S. embassy in Baghdad January 14, 2015. REUTERS/Thaier Al-Sudani (IRAQ - Tags: POLITICS CIVIL UNREST) - RTR4LEKU

Obama administration: US 'will protect' Syrian rebel forces

John Allen, US special presidential envoy for the Global Coalition to Counter ISIL, suggests a deeper US military commitment in Syria; Turkey’s "precious loneliness"; Egypt closes 27,000 places of worship to counter militancy and extremism; Al-Monitor’s series on Women in the Middle East continues.

Bank Asya headquarters is pictured in Istanbul February 4, 2015. Turkey has taken control of Bank Asya, the Islamic lender caught up in a feud between President Tayyip Erdogan and his ally-turned-foe, U.S.-based Muslim cleric Fethullah Gulen. The action by Turkey's banking regulatory authorities follows a run on deposits at Bank Asya last year when the lender became embroiled in the power struggle between Erdogan and Gulen, whose followers had set up the bank. REUTERS/Murad Sezer (TURKEY - Tags: BUSINESS LO

Turkish Twitter user: Erdogan to target CHP-linked bank

Fuat Avni, the handle of an anonymous Twitter user who has successfully revealed President Recep Tayyip Erdogan’s moves in the past, just issued another explosive prediction.

A protester stands against Turkish soldiers during clashes near Silivri, where a hearing on people charged with attempting to overthrow Prime Minister Tayyip Erdogan's Islamist-rooted government is due to take place August 5, 2013. A Turkish court on Monday sentenced a former military commander to life in prison and dozens of others including opposition members of parliament to long terms for plotting against the government, in a case that has exposed deep divisions in the country. Retired military chief of

Sibel Utku Bila on why she writes

Al-Monitor contributor Sibel Utku Bila shares her thoughts on journalism.

Turkish army soldiers take position on the road to the Mursitpinar crossing gate near the Syrian border on February 22, 2015 in Suruc, Sanliurfa province, during an operation to relieve the garrison guarding the Suleyman Shah mausoleum in northern Syria. The operation was jointly conducted by the intelligence organisation and the Turkish army, a few days after reports suggested that the tomb was besieged by jihadists belonging to the Islamic State (IS) group. AFP PHOTO/ILYAS AKENGIN (Photo credit sho

300 days at the Tomb of Suleiman Shah

Speaking with Al-Monitor, Turkish special forces officers share their experiences, observations and insights into Islamic State activities near the Tomb of Suleiman Shah and the origins of the Turkish government's decision to evacuate its soldiers.