Turkey rules property sales, rental agreements must be in lira
The decision, published in Turkey’s Official Gazette on Thursday, said that sales contracts and rental agreements in foreign currency must be converted into lira within…
Turkey’s central bank
Turkish central bank deputy governor to resign as crisis deepens
Turkish central bank’s deputy governor and Monetary Policy Committee member Erkan Kilimci is set to resign from the bank, two sources familiar with the matter…
Good as gold: Turkey uses bullion to stabilise its economy
Turkey’s economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold. In late…
Turkey’s central bank takes action as lira hits record low
Turkey’s central bank took steps on Tuesday to support the lira after the currency fell to a record low but faces a battle to win investors’…
Lira falls after rates are left unchanged
Turkey’s central bank left is benchmark interest rate unchanged Tuesday, surprising investors and sending the lira falling. The Monetary Policy Committee in Ankara left its…
Despite bank action, Turkish lira and stocks hit new lows
Turkish loosened foreign currency reserve requirements Tuesday in a move to inject roughly $1.5 billion into financial markets, but the iShares MSCI Turkey exchange-traded fund…