Turkey bans cryptocurrencies for buying goods, services

Turkey’s central bank is banning the use of cryptocurrencies such as bitcoin in payment for goods and services, according to...

Turkey’s central bank holds interest rate at 19 percent under new chief

Turkey's central bank on Thursday held its main interest rate at 19 percent in the first decision since President Recep...

Turkey’s unemployment rate rose to 13.4 percent in February

Turkey’s unemployment rate rose to 13.4 percent in February, up 0.7 percentage points from the previous month and increasing by...

Turkey’s Erdoğan says determined to see lower interest rates

Turkish President Recep Tayyip Erdoğan on Wednesday again appeared to wade into the Turkish central bank's policies, saying he was...

Turkey inflation above 16 percent in test for new central bank chief

Turkey's annual inflation climbed above 16 percent in March for the first time since mid-2019, data showed on Monday, piling...

Turkey’s external debt hits record high of 62.8 pct of GDP in 2020

Turkey's external gross debt stocks, which amounted to $450 billion at end-2020, climbed to a record 62.8 percent of gross...

Erdoğan sacked top banker for questioning sale of FX under son-in-law’s tenure: report

Turkish President Recep Tayyip Erdoğan dismissed Naci Ağbal as head of Turkey’s central bank just four months after his appointment...

Turkey’s Ziraat Bank signs $400 mln credit deal with China Exim Bank

Turkish state lender Ziraat Bank has signed a $400 million loan agreement with the Export-Import Bank of China less than...

Erdoğan replaces central bank deputy governor in latest shake-up

Turkish President Recep Tayyip Erdoğan appointed a Morgan Stanley executive to the central bank’s interest rate setting committee, as the...

Turkey’s new central bank governor says April rate cut shouldn’t be taken for granted

Şahap Kavcıoğlu, the newly appointed governor of Turkey’s central bank, said markets shouldn’t take for granted that he’ll cut interest...

Erdoğan urges Turks to put gold, foreign currency in banks to help economy

President Recep Tayyip Erdoğan on Wednesday called on citizens of Turkey to put any foreign currency or gold they keep...

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...

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