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Turkey probes second crypto exchange as market implodes

Turkey on Saturday detained the CEO of one of the country's biggest cryptocurrency firms after launching a manhunt for the founder of another exchange...
Business

Turkey seeks arrest of missing crypto boss over huge fraud

Turkish authorities have issued an international arrest warrant for the founder of a cryptocurrency exchange who fled with a reported $2 billion in investors'...
Business

Turkish crypto founder flees with reported $2 billion

Turkish prosecutors on Thursday opened an investigation after the İstanbul-based founder of a cryptocurrency exchange shut down his site and fled the country with...
Business

Erdoğan denies emptying central bank coffers, says $128 billion just changed hands

Turkish President Recep Tayyip Erdoğan on Wednesday publicly defended himself for the first time against charges that he oversaw the illegal depletion of the...
Business

Turkey bans cryptocurrencies for buying goods, services

Turkey’s central bank is banning the use of cryptocurrencies such as bitcoin in payment for goods and services, according to a decision published in...
Business

Turkey’s central bank holds interest rate at 19 percent under new chief

Turkey's central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep Tayyip Erdoğan sacked its...
Business

Turkey’s unemployment rate rose to 13.4 percent in February

Turkey’s unemployment rate rose to 13.4 percent in February, up 0.7 percentage points from the previous month and increasing by 250,000 since then to...
Business

Turkey’s Erdoğan says determined to see lower interest rates

Turkish President Recep Tayyip Erdoğan on Wednesday again appeared to wade into the Turkish central bank's policies, saying he was "determined" to see interest...
Business

Turkey inflation above 16 percent in test for new central bank chief

Turkey's annual inflation climbed above 16 percent in March for the first time since mid-2019, data showed on Monday, piling pressure on new central...
Business

Turkey’s external debt hits record high of 62.8 pct of GDP in 2020

Turkey's external gross debt stocks, which amounted to $450 billion at end-2020, climbed to a record 62.8 percent of gross domestic product (GDP) at...
Business

Erdoğan sacked top banker for questioning sale of FX under son-in-law’s tenure: report

Turkish President Recep Tayyip Erdoğan dismissed Naci Ağbal as head of Turkey’s central bank just four months after his appointment because he was uneasy...
Business

Turkey’s Ziraat Bank signs $400 mln credit deal with China Exim Bank

Turkish state lender Ziraat Bank has signed a $400 million loan agreement with the Export-Import Bank of China less than a week after the...
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