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Turkey’s central bank steps in again to contain lira’s decline

The Turkish Central Bank (TCMB) has meddled with the foreign exchange markets by injecting dollars for the second time this week to stop the...

Exchange offices to object to regulations stripping lira sellers of anonymity

Turkey’s exchange offices are preparing to file a formal objection to recently issued regulations that require money changers in the country to record the...

Turkish lira, stocks sink after Erdoğan fires top banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdoğan's abrupt dismissal of his...

You can’t hit us with foreign exchange rates, Erdoğan says

Turkey’s President and Chairman of the ruling Justice and Development Party (AKP) Recep Tayyip Erdoğan implied during a rally in Isparta on Sunday that...

Turkish Central Bank’s steps to shore up lira have limited effect

The Turkish Central Bank’s decision on Monday to shore up the lira had a limited effect, resulting only in a rebound to 4.24 from...

Lira in freefall as Erdoğan urges Turks to sell off forex

An economic crisis will only slightly affect Turkey if fellow citizens convert their foreign currencies into Turkish lira or gold, President Recep Tayyip Erdoğan...

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