Gov’t response to economic meltdown: Denial and repression- “271 social media accounts over ‘foreign exchange’ posts

Police probe 271 social media accounts over ‘foreign exchange’ posts Bianet :: English The Directorate General of Security has announced that it has launched an inquiry against 271 social media accounts that posted messages about the rising exchange rates. We cannot make a living’: Protests against economic crisis continue in Turkey • Bianet :: English In … Read more

It looks like Erdoğan loses control over the economy… 1 USD= 12 TRY

  TURKSTAT: Turkey’s consumer confidence index sees an all-time low in November • Bianet :: English According to the Turkish Statistical Institute (TurkStat), the consumer confidence index stood at 71.1 percent in November 2021. This is the lowest rate that has been recorded since 2004, when TurkStat started keeping the index. TENSION IN BUDGET TALKS: Interior Minister … Read more

Turkey’s currency meltdown happening…

Turkey Currency Crisis Threatens Economy, Posing Challenge to Erdogan Rule Lira slides to record low after central bank cuts rates again Turkey’s currency meltdown, a recent history Time it took the lira to go from 7 to 8 to the dollar: 27 monthsFrom 8 to 9 to the dollar: 11.5 monthsFrom 9 to 10 to … Read more

1 USD almost 10 Turkish liras now…

An undeniable fact is that AKP’s economic policies failed hard… USD exchange rate against lira on the increase: Almost 10 lira Bianet :: English The depreciation of the Turkish Lira (TRY) has gained pace. The exchange rate of the US dollar topped 9.97 TRY today, on November 11.

Turkey in an economic suicide mode: “Turkish lira drops to new all-time low after rates slashed

Turkish lira drops to new all-time low after rates slashed Finance watchdog FATF ‘grey lists’ Turkey, Turkey denounces the decision • Bianet :: English The Financial Action Task Force has downgraded Turkey to the grey list due to its shortcomings in preventing money Turkish Central Bank lowers interest rates by 200 basis points Hurriyet Daily News … Read more

Turkey ranks 114th in the Economic Freedom Index

Economic Freedom Index: Turkey ranks 114th Bianet :: English  In the Economic Freedom Index, which covers 165 countries of the world, Turkey has ranked 114th with 6.54 points. In 2018, the ranking of the country was 100 with 6.69 points. Turkey’s currency hits a new low after a surprise interest rate cut. • NYT > Turkey … Read more

Homophobia in action: “#İstanbul Governor Office bans LGBTI+ Pride March again…

İstanbul Governor Office bans LGBTI+ Pride March again Bianet :: English As the Pride March has been banned for the seventh consecutive year, LGBTI+s say they will define the ban and “find one another on the streets. In Turkey, Pride Picnic draws police violence Global Voices Online by Arzu Geybullayeva In Istanbul, police intervenes to prevent Pride … Read more

Turkey’s first full lockdown begins today and the cunning authorities use it to ban alchoholic beverage sales… News from a failing state (3).

Turkey announces full lockdown in bid to halt COVID-19 surge Turkey will enforce a full lockdown starting from tomorrow evening until May 17 to stem the spread of coronavirus, the country’s president announced on Apri May God help us’: Turkey’s lockdown compounds financial pain AL JAZEERA ENGLISH (IN DEPTH) President Recep Tayyip Erdogan did not announce … Read more

State of the economy: “İstanbul Governor’s Office holds ‘ceremony’ to distribute potatoes, onions to the poor as Turkey’s opposition presses Erdogan for the vanished $128B

İstanbul Governor’s Office holds ‘ceremony’ to distribute potatoes, onions to the poor Bianet :: English The government should take a rights-based approach and shouldn’t reveal the people whom it provides assistance, says Hacer Foggo from the Deep Poverty Network. ‘Where is the $128B?’ Turkey’s opposition presses Erdogan AL JAZEERA ENGLISH (IN DEPTH) The sum refers to the … Read more

Turkey may have lost her grasp both on the pandemic and the currency values. 1 USD =8.27 TRY

I am in turmoil with my own personal issues and Turkey is also in turmoil, it seems. Turkey tightens coronavirus measures as cases on the increase countrywide Bianet :: English President Erdoğan announced new measures as the Health Ministry published the new risk map. Weekend-curfew declared in 58 cities in Turkey | Ahval The Turkish President Recep … Read more

Dark Saturday is followed by a Black Monday as Turkish Lira falls 14% #dolar

Turkish lira slides after firing of Central Bank head Bianet :: English The Central Bank governor has been replaced with a pro-government economist advocating lower interest rates. Turkish lira falls 14% after bank governor sacked BBC News | Europe | World Edition The outgoing central bank chief is the third exit in under two years under … Read more

“Only one out of every 10 software developers are women in Turkey” and more news from Turkey…

Swedish journalists call for immediate release of jailed Turkish writer | Ahval  Seventeen Swedish Journalists, including the presidents of major press institutions urged Turkey Only one out of every 10 software developers are women in Turkey Bianet :: English A recent report has shown that while 88.2 percent of people working in Turkey’s software industry are men, … Read more

“Turkey is the second worst jailer of journalists after China” (CFP)- “Over 9,500 convicted of insulting Erdoğan

CPJ: Turkey is the second worst jailer of journalists after China Bianet :: English According to the 2020 report of the Committee to Protect Journalists (CPJ), at least 274 journalists were in jail in relation to their work across the world on December 1, 2020, exceeding the high of 272 in 2016. Over 9,500 convicted of insulting … Read more

This sums how he governed economy: Berat Albayrak announced his resignation in a badly written Instagram post and Turkish lira gained value…

And we do not know yet if Mr. Erdoğan accepted his resignation. So much palace drama… Turkey’s Finance Minister Resigns Amid Pressures of Sliding Economy The New York Times – Carlotta Gall – Nov 8, 12:43 PM ISTANBUL — Turkey’s finance minister, Berat Albayrak, the son-in-law of President Recep Tayyip Erdogan, announced his resignation Sunday evening … Read more

Free fall continues- “Turkish lira continues to slide, trading at 10 to Euro…

Turkish lira continues to slide, trading at 10 to Euro Bianet :: English The lira’s new plunge has come on the day of the US presidential election. Turkish lira hits another record low, down over 30 pct against dollar this year Turkey’s lira depreciated to a record against U.S. dollar on Nov. 3 due to several … Read more