Analysis

In-Depth Analysis

Smart, independent reporting on Turkey's politics, economy and foreign affairs.

BIG MAC INDEX SUGGESTS LIRA IS SEVERELY OVERVALUED
Economy and Finance Aug 13, 2026

BIG MAC INDEX SUGGESTS LIRA IS SEVERELY OVERVALUED

Former Treasury Undersecretary and prominent economist Mahfi Eğilmez calculated that the fair value of the US dollar should be 65 liras based on the Big Mac Index, far above the market exchange rate of 47.50 liras and warned that the holding the exchange rate below its fair value inflates the country's GDP and per capita income figures on paper without making Turks any richer.

Editorial Staff 2 min
OPERATION TARGETS SÜLEYMANCI GROUP
Inside Turkey Aug 13, 2026

OPERATION TARGETS SÜLEYMANCI GROUP

A financial crimes operation targeting the Süleymancı religious sect, led by Alihan Kuriş, whose given name is Ali Erhan Kuriş, 46, was carried out across 17 provinces. Detention orders were issued for 49 people, including Kuriş.

Editorial Staff 3 min
467 VOTES: A DRESS REHEARSAL FOR A NEW CONSTITUTION?
Capital Currents Aug 13, 2026

467 VOTES: A DRESS REHEARSAL FOR A NEW CONSTITUTION?

Debate is underway over how the political balance will shift after the “Framework Law,” which establishes the legal basis for the PKK’s disarmament process, passed the 600-seat parliament with a record 467 votes. The overwhelming support for the law is expected to whet the government’s long-standing appetite for a “new constitution.” But is that possible before the general election, now 20 months away if held on schedule?

Nergis Demirkaya 4 min