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Turkish lira slides ahead of likely interest rate cut

The Turkish lira on Wednesday extended its historic slide on the eve of a meeting at which the central bank was expected to lower...
Business

Apple to raise App Store prices in Turkey, citing exchange rate changes

Apple will raise the price of apps and in-app purchases on its App Store in Turkey due to exchange rate changes, according to an...
Headline

Apple products now available at higher prices in Turkey after lira crisis

Apple Turkey has again offered its products for sale at its online store after increasing prices up to 40 percent due to the recent...
Business

Turkey investigating 271 social media users over comments on lira crisis

Turkey’s Security Directorate General has announced that investigations have been launched into the users of 271 social media accounts due to their posts about...
Headline

Neo-nationalist party suggests banning US dollar in Turkey to solve lira crisis

The neo-nationalist Homeland Party (VP) has suggested banning use of the dollar in Turkey to solve the country’s currency crisis, quickly becoming a controversial...
Business

Turkish central bank keeps interest rates steady despite weakening currency

Turkey’s central bank held its benchmark interest rate steady as expected on Thursday despite the lira hitting record lows this week, and it paved...
Business

Turkey’s central bank cuts cheap dealer funding in latest lira move: report

Turkey's central bank will halt funding that had allowed primary dealers to borrow well below its policy rate of 8.25 percent, it said on...
Business

Turkey’s Erdoğan expects interest rates to fall further: report

Turkish President Recep Tayyip Erdoğan said on Monday he hopes market interest rates will fall further in order to make investments in the country...
Business

Turkey’s lira slides to record low despite central bank efforts: report

The Turkish lira tumbled to a record low on Thursday, despite efforts by the central bank to reassure investors that the country’s economy is...
Business

Turkey’s lira nears record low against euro amid concerns over EU sanctions

Turkey's lira approached a record low against the euro on Monday, driven by state interventions that have tied it to the dollar and also...
Business

Turks held forex worth $200 bln as of May 29: report

Foreign currency deposits and funds, including precious metals, held by Turkish individuals and companies rose to $200.21 billion as of May 29, edging closer...
Business

Turkey seeks global funding to avoid currency crisis: report

Turkey’s government has appealed to foreign allies in an urgent search for funding, three senior Turkish officials said, as it prepares defenses against what analysts fear...
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