Turkish government banks on Gulf financial support to save economy - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Mustafa Sonmez

Mustafa Sonmez

Nov 30, 2022

A man sits next to a currency exchange office at Istanbul's Grand Bazaar on May 5, 2022. — A man sits next to a currency exchange office at Istanbul's Grand Bazaar on May 5, 2022, in Turkey. Inflation soared to nearly 70% (69.97%) over one year in April in Turkey, the highest since February 2002, according to official figures released on May 5. — Burak Kara/Getty Images

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Turkish Treasury and Finance Minister Mehmet Simsek (C) addresses a statement to the journalists at the party's group meeting at the Turkish Grand National Assembly (TBMM) on June 21, 2023. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

What awaits Turkey's economy as its foreign exchange woes ease?

Mustafa Sonmez

In Istanbul, reporting on economics

Turkey economy

Erdogan initiates economic gestures ahead of Turkey's critical elections

Mustafa Sonmez

In Istanbul, reporting on economics

Turkish President Tayyip Erdogan greets his supporters during a ceremony marking the second anniversary of the attempted coup at the Bosphorus Bridge in Istanbul, Turkey, July 15, 2018. REUTERS/Murad Sezer - RC16BA573790

Turkey’s one-man regime denied confidence vote by markets

Mustafa Sonmez

In Istanbul, reporting on economics

ISTANBUL, TURKEY - JULY 29: Detail as a man counts Turkish Lira at a currency exchange office on July 29, 2020 in Istanbul, Turkey. The Turkish Lira remains under pressure after briefly trading at a record low against the euro of 8.17 on Tuesday amid investor concerns around Turkey's foreign denomination debt and potential EU sanctions. (Photo by Chris McGrath/Getty Images)

Is the worst behind in Turkey’s economic turmoil?

Mustafa Sonmez

In Istanbul, reporting on economics