We are a nonprofit dedicated to shedding light on Turkey’s move away from democracy and toward authoritarianism–and what that means for global policy.
In recent years, Turkey’s domestic policy has become increasingly undemocratic while its aggressive foreign policy has contributed to a dangerous instability in the region. Turkey under the presidency of Recep Tayyip Erdogan has become the world’s number two jailer of journalists, a haven for Islamist extremism, and an aggressor in the MENA and Mediterranean regions.
The Turkish lira hit yet another record low of 18.77 TRY/USD while trading today. The lira has now lost ~29% of its value against the USD since 1/1/22. President Erdogan's irrational interest rate ideas are TANKING the lira and DESTROYING the purchasing power of Turks.