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turkish lira

Government thinks Turkish lira’s value loss is a plot targeting elections

Deputy Prime Minister and Cabinet spokesperson Bekir Bozdağ made statement on Wednesday concerning the Turkish lira’s record loss in value, claiming the latest deterioration...

Northern Cyprus PM hints at dropping Turkish lira over record value loss

Turkish Republic of Northern Cyprus (KKTC) Prime Minister Tufan Erhürman announced on Tuesday that radical measures for the economy are being considered, hinting that...

Turkish lira hits record low after Moody’s warns of bank risk

The Turkish lira hit a record low on Tuesday, plunging to TL 4.46 to the US dollar, the BloombergHT news website reported. Following a negative...

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 slides further as Fitch set to review Turkey’s rating

The Turkish lira started Friday in a negative position as Fitch, the only major credit rating agency that keeps Turkey within investment grade territory,...

Turkish lira hits rock bottom at 3.77 against dollar, 4 against euro

The depreciation of the Turkish lira has yet to slow down as the currency fell to fresh record lows against both the US dollar...

Turkish lira at new record low, leading the drop in EM currencies

The Turkish lira on Monday fell more than 2 percent against the US dollar, weakening more than any other emerging market currency. The lira sank...

Turkey’s new economic stimulus fails to soothe currency woes

The Turkish government on Thursday announced long-expected economic initiatives including the establishment of a $73 billion loan fund, but the stimulus plan has had...

Turkish university calls on students to convert their forex into lira

Following Turkish President Recep Tayyip Erdoğan's call to citizens to convert their foreign currencies into Turkish lira or gold, Hitit University in Çorum province...

CHP leader to ErdoÄŸan: Have you sold off the dollars you keep in shoeboxes?

Main opposition Republican People’s Party (CHP) Chairman Kemal Kılıçdaroğlu on Saturday asked President Recep Tayyip Erdoğan whether he has sold off his own dollars...

Turkish minister calls on people to sell their foreign currency

Turkish Minister of Development Lütfi Elvan called on people on Sunday not to invest in foreign currency but to sell it off as the...

Amid crackdown on opposition, Turkish lira hits record low

Following the rounding up of Kurdish deputies as part of a major crackdown on opposition in Turkey and a terrorist attack in Diyarbakır the...

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