Türkiye may print 500 and 1000 Turkish Lira banknotes amid increasing inflation and currency crisis. This time last year, former Minister of Treasury and Finance, Nurettin Nebati was saying “there is no need for such measure,” when asked if there will be any banknotes with larger denomination. His ministry was obeying the instructions of President
Turkish President Recep Tayyip Erdoğan is a political master of disguise who has a unique boldness in making sharp changes in his politicking. While some could say Erdoğan is only doing things that are politically expedient without an actual ideology, he started to do better dealing with pressing foreign policy issues, because no matter how
After signing the presidential decree to instate top-level changes in the Turkish National Police Force on August 2, President Recep Tayyip Erdoğan approved important changes in the upper echelon of the Turkish Armed Forces on August 3. Presiding over the Supreme Military Council meeting (YAŞ), Erdoğan signed the new army rank as General Metin Gürak,
President Tayyip Erdoğan left Türkiye on July 10 to attend NATO Summit in Lithuania saying, “First pave the way for Türkiye in the European Union, and then we will pave the way for Sweden.” After a two-hour flight, he landed in Vilnius, the capital of Lithuania, where the summit will be held on July 11-12.
President Tayyip Erdoğan’s re-election, in perhaps the most disadvantageous period of his rule since 2002, reveals the need to name “Erdoğanism” in Turkish politics, which has become a separate phenomena from the Justice and Development Party (AKP) he founded. Erdoğanism in numbers and beyond Erdoğan received 49.5 percent of the vote and the AKP 35.6
The Wagner uprising did not topple Russian President Vladimir Putin, but it shook his seat, reduced his power, and, if not all, shook his charisma. Putin’s claim that he now has full domestic support in the face of NATO pressure over the Ukraine war will no longer be as convincing as before. Among those breathing
Turkish President Recep Tayyip Erdoğan said that the appointment of Mehmet Şimşek as Treasury Minister should not be contemplated as a change in his cabinet’s economic policies as the former minister’s re-appointment to the post raised the expectations of a shift in low interest rate policy of Erdoğan. However he added that they “accept the
People in the corridors of the Parliament are still asking why President Tayyip Erdoğan, contrary to widespread speculation, did not include former Interior Minister Süleyman Soylu and former Minister of National Defense Hulusi Akar in the new cabinet, in other words, in the new A-Team he formed after the May 28 victory. Let’s leave aside
With her exceptional education, extensive experience, and youthful dynamism, Hafize Gaye Erkan sparked enthusiasm at home as well as abroad by assuming crucial position in economic management as the new governor of the Central Bank (CBRT). However, she has come to this position at a crucial time when the Turkish economy is so fragile with
With a victory on May 28 presidential run-off elections, President Erdoğan was re-elected as the president and won the right to form his cabinet to rule the executive branch in the following 5 years. On the morning of May 31, the value of the Turkish lira fell to an unprecedented low against the US dollar.