AISHE - Agent

In the realm of Turkey's economic landscape, a significant event unfolds as the country experiences its first interest rate rise since 2021. This modest yet symbolic step is seen by fund managers as a tentative move towards restoring the confidence of wary investors. However, a lingering skepticism persists, casting doubts upon President Erdogan's commitment to fully unwind the unorthodox policies that have plagued the nation's economy for far too long.   With a measured resolve, the central bank has decided to raise the key interest rate from its previous level of 8.5% to a more substantial 15%. This calculated adjustment serves as a signal of their determination to tackle the pressing issue of high inflation that has gripped the nation, reaching alarming levels of nearly 40%. The central bank's pledge to tighten policy as needed demonstrates a recognition of the severity of the situation and a commitment to restoring stability.   Yet, the expectations of a larger ...

In the heart of Istanbul's bustling Grand Bazaar, where centuries-old traditions meet the frenzy of modern commerce, a peculiar spectacle unfolds. Picture this: currency traders, armed with multiple phones, glasses of bitter tea, and packs of cigarettes, congregate in a slim alleyway, ready to engage in a performance that mirrors the country's economic turmoil. It's a scene that would make even the most seasoned circus performers blush.   Istanbul's Grand Bazaar As the morning light filters through the rooftops, the tension among the traders is palpable. They bark into their phones, desperately seeking buyers for their precious dollars. It's a mad rush, a chaotic bidding war where fortunes can be made or lost in an instant. "Is anyone buying dollars?" shouts a man in a Galatasaray sports jacket, hoping to strike a deal before evening. Another chimes in, "I'll buy, but only at 2pm!" It's a symphony of desperation and a cacophony of ...