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Turkey’s central bank increases interest rates as Turkish lira is in free fall

Following the Turkish lira’s record value loss against the US dollar, policy committee members of Central Bank of the Republic of Turkey (CBRT) held...
Business

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...
Business

Turkish lira hits record low amid concerns over ErdoÄŸan

Turkey’s currency, the Turkish lira, has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the...
Business

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...
Business

Fitch says Erdoğan’s remarks on tightening control of central bank raise risks

International credit rating agency Fitch on Tuesday published a press release on Turkey, arguing that President Recep Tayyip Erdoğan’s remarks last week on Bloomberg...
Business

Famous economist says Turkey’s bankruptcy has already begun

Economist and financial historian Russell Napier argued that Turkey’s bankruptcy has already begun, in a recently published interview with Swiss newspaper Neue Zürcher Zeitung. He...
Business

Another Uber driver attacked and threatened in Ä°stanbul

An Uber driver was attacked by taxi drivers on Saturday after he responded to a call from İstanbul’s Esenyurt district, the T24 news website...
Business

42.1 percent think Turkish lira lost value due to a foreign plot against Turkey

According to a recent poll, 42.1 percent of the Turkish public believes that the loss in value of the Turkish lira against the US...
Business

Central bank hints at intervention as Turkish lira slides

The Central Bank of Turkey (CBRT) issued a short statement on Wednesday following a slide in the value of the Turkish lira, saying that...
Business

Declaring Halkbank’s Atilla a criminal equivalent to calling Turkey the same, Erdoğan says in London interview

In a wide-ranging interview with Guy Johnson of Bloomberg TV in London on Monday, Turkish President Recep Tayyip ErdoÄŸan said if Turkish Halkbank executive...
Business

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...
Business

No baklava with pistachios for Turks during Ramadan due to high prices

Association of Baklava and Dessert Producers (BAKTAD) chairman Mehmet Yıldırım announced on Saturday that baklava, a traditional Turkish dessert, would not be baked with...
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