Istanbul election rerun brings Turkey fresh economic turmoil - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Mustafa Sonmez

Mustafa Sonmez

May 9, 2019

An election banner with the pictures of Turkish President Tayyip Erdogan and AK Party mayoral candidate Binali Yildirim is seen over the Galata bridge in Istanbul, Turkey, May 7, 2019. REUTERS/Murad Sezer - RC155DF5D450 — A mayoral election banner with the pictures of Turkish President Tayyip Erdogan and Justice and Development Party candidate Binali Yildirim is seen over the Galata Bridge, Istanbul, May 7, 2019. — REUTERS/Murad Sezer

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Mountain of debt growing under the rug in Turkey

Mustafa Sonmez

In Istanbul, reporting on economics

A photo illustration taken in Istanbul shows a U.S. 100 dollar banknote against Turkish lira banknotes of various denominations January 7, 2014. Turkey's lira slipped against the U.S. dollar on Wednesday as the government bond yield curve, which had briefly inverted on Tuesday because of speculation about an emergency rate hike to rescue the currency, returned to a positive slope. Picture taken January 7, 2014. REUTERS/Murad Sezer (TURKEY - Tags: BUSINESS) - RTX1761T

Turkish markets undergo two-month slump

Mehmet Cetingulec

Mehmet Cetingulec

Turkey's central bank governor Murat Cetinkaya speaks during a news conference in Istanbul, Turkey, October 27, 2016. REUTERS/Murad Sezer - D1BEUJJAJKAD

Ankara goes on risky quest to cut interest rates

Mustafa Sonmez

In Istanbul, reporting on economics

A money changer counts Turkish lira banknotes at a currency exchange office in Diyarbakir, Turkey May 23, 2018. REUTERS/Sertac Kayar - RC1EF7A7FF30

Turkish lira in tailspin as Erdogan spooks investors

Mustafa Sonmez

In Istanbul, reporting on economics