Turkey enjoys tourist boom amid sharp drop in currency
Tourists have returned in droves to Turkey, helped this summer by the sharp fall in the value of the Turkish lira following economic uncertainty and…
Turkish Lira
Turkey: Channels of currency speculation shut down
“Turkey totally eliminated the environment that led to speculation on Turkish lira,” Turkish presidential spokesman Ibrahim Kalin said Thursday. “Channels of currency speculation and perception…
US dollar/Turkish lira parity regresses to under 4.60
The U.S. dollar-Turkish lira parity regressed to 4.58 after President Recep Tayyip Erdogan’s election success late Sunday. After 4.68 parity closing on Friday in U.S….
Turkey’s Borsa Istanbul down at open
Turkey’s stock exchange decreased 0.19 percent, or 187.83 points, to open at 96,473.53 points on Tuesday. Among all sector indices, the leasing factoring index posted…
Turkey’s leadership scrambles to regain investor confidence in its monetary policy
Turkey may have made a long overdue move to raise interest rates in an attempt to rescue its plummeting national currency, but investors are still in doubt…
Turkey to take steps to curb inflation amid lira’s fall
Turkey’s president Recep Tayyip Erdogan and his top economic advisers will take steps to curb inflation and halt the lira’s slide, the country’s presidency said…
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…
Turkish lira heads for biggest weekly fall
Turkey’s lira headed yesterday for its biggest weekly fall since the aftermath of a failed coup last July, as the central bank’s efforts to tighten…