Recep Tayyip Erdoğan

Turkish Lira hits fresh all-time low amid political risks, economic worries

The Turkish Lira hit another all-time record low against the U.S. dollar at 3.185 early on Nov. 8, as concerns about pressure on opposition circles rise, despite an optimistic mood in global markets ahead of the U.S. presidential election. 

The Turkish economy is also a cause of concern due to its heavy reliance on external financing.

President Erdoğan: I don't care if they call me a dictator

President Recep Tayyip Erdoğan has defied EU criticism over the arrests of Peoples' Democratic Party (HDP) lawmakers and journalists, saying that Turkey is "no longer subject to orders."

"I don't care if they call me a dictator or whatever else. It goes in one ear, out the other," Erdoğan said on Nov. 6 in Istanbul during a ceremony to receive an honorary doctorate. 

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