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Recep Tayyip Erdogan exchanges finance minister again In the midst of a serious currency crisis, the Turkish president separates from his finance minister. He was only in office for a year. Turkish President Recep Tayyip Erdogan is under pressure because the national currency is falling. He is trying to counteract this with a change in personnel: Finance Minister Lütfi Elvan will be replaced by Nureddin Nebati, according to an official announcement. Elvan had only held the office since November 2020, when he was appointed finance minister following the resignation of Erdogan's son-in-law Berat Albayrak. The Turkish lira had recently crashed faster and faster, and an interview by the state broadcaster TRT with the president on Tuesday evening, in which Erdogan had promised lower interest rates until the elections planned for 2023, caused additional pressure. On Wednesday, the Turkish central bank intervened in the foreign exchange market to support the local currency, the lira, but ...

The Taliban government has banned the use of foreign currency, which could further hurt the already struggling economy. Taliban from Afghanistan are also frozen assets abroad while facing Afghanistan in mid-August to take Kabul after the fall of the currency. Banks are running out of cash in the country's hesitant economy, and the international community has so far refused to recognize the new government. Most transactions in the country are done in US dollars, while Pakistani rupees are used in areas adjacent to the southern Pakistani border trade routes. However, Taliban spokesman Zabihullah Mujahid announced in a statement that from now on, anyone using international currency for local trade would be prosecuted. It is in the economic situation and in the national interest that all Afghan citizens use Afghan currency for transactions in the country The statement said that the Islamic Emirate has directed all citizens, including shopkeepers, traders and businessmen, to immediately...