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Turkish lira undershooting fair value, should be at 5 to 5.50 to dollar: global banking group

The Turkish lira is significantly below fair value at the moment and should strengthen over the next one to two years as Turkey’s economy...

Qatar pledges to make $15 billion investment in Turkey

Qatar has pledged $15 billion of investment in Turkey that will be channeled into Turkish financial markets and banks, Reuters reported, citing a government...

Turkey doubles tariffs on some US imports as lira rallies

Turkey doubled tariffs on some US imports including alcohol, cars and tobacco on Wednesday in retaliation for US actions, but the lira rallied further...

Turkish Finance Minister Albayrak: US dollar has lost its reliability

Turkey’s Treasury and Finance Minister Berat Albayrak on Tuesday said the US dollar has lost its reliability as it has the potential to inflict...

Report: Kuwait noncommittal on Turkey’s ask for $1.8 billion amid currency crisis

Turkish Treasury and Finance Minister Berat Albayrak made a quick visit to Kuwait to seek financial assistance in the amount of $1.8 billion amid...

Top Turkish firms stop placing ads on US-based online platforms

Amid a diplomatic row between Turkey and the United States, top Turkish firms are joining in a campaign to stop placing ads on US-based...

Erdoğan calls for US product boycott: They may have iPhone, but there’s always Samsung

Turkish President Recep Tayyip Erdoğan on Tuesday said Turkey would boycott electronic products from the United States in response to a currency crisis caused...

Erdoğan advisor says people returning to Turkish lira will profit in 12-48 months

Yiğit Bulut, one of the chief advisors to Turkish President Recep Tayyip Erdoğan, has said people who exchange foreign currency for Turkish lira will...

Head of Turkey’s largest bank says ordinary Turks have nothing to do with foreign currency

The general manager of Turkey’s İşbank, the largest bank in the country, has said ordinary Turks who do not earn their income in US...

Markets still rattled as Turkish lira pulls back from record low

Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and...

Erdoğan: Businessmen who buy foreign currency to face plans B, C

With the Turkish lira plunging following the imposition of economic sanctions on Turkey by the US administration over the continued detention of an American...

Prominent Turkish businesswoman says has full faith in economy minister, new economic model

The chairperson of one of the leading business conglomerates in Turkey, Güler Sabancı, has said she has full faith in Turkey’s Finance and Treasury...

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