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Turkish central bank sold $687 million in Dec. 10 market intervention

Turkey's central bank said on Friday it sold $687 million during its direct market intervention on Dec. 10 to support the ailing lira, bringing...
Business

Economic confidence in Turkey drops to lowest level in 7 months

Turkey’s economic confidence index tumbled 1.8 percent month-on-month in December to 97.6 points, the lowest figure since May, data from the Turkish Statistical Institute...
Business

Turkish lira crisis turns political with lawsuit threat

Turkey's currency crisis turned increasingly political on Thursday after a top minister urged citizens to sue economists who commented on social media about the...
Business

Turkish central bank announces support for conversion of gold deposits to lira

The Turkish Central Bank has said it will provide an incentive for people to convert their gold deposits and participation funds into Turkish lira time...
Business

26 economists, journalists face complaints due to comments about exchange rate

Turkey’s Banking Regulation and Supervision Agency (BDDK) has filed criminal complaints against 26 people including two former central bank governors, economists and journalists due...
Business

Turkey’s banking watchdog files complaints against 5 economists due to lira comments

Turkey’s Banking Regulation and Supervision Agency (BDDK) has filed criminal complaints against five economists including a former central bank governor due to their comments...
Business

Erdoğan: Turkey has burst its forex bubble with latest measures

Turkey's President Recep Tayyip Erdoğan said on Friday the government had burst a bubble in the foreign exchange market by taking steps this week...
Business

Controversial Halkbank commercial raises questions of profiteering on Turkish lira

A TV commercial released by Turkish state lender Halkbank less than 24 hours after President Recep Tayyip Erdoğan’s announcement on Monday of an emergency...
Business

Turkey’s finance minister says ‘Look into my eyes’ for data on new economic plan

Turkey’s Treasury and Finance Minister Nureddin Nebati has been ridiculed on social media for asking a reporter to look into his eyes and tell...
Business

Erdoğan’s plan to halt the Turkish lira’s fall explained

The emergency plan unveiled by Turkey's President Recep Tayyip Erdoğan to curb the lira's depreciation stipulates that the country's treasury will make up for...
Business

Turkey’s banking watchdog threatens legal action over critical comments on exchange rate

Turkey’s Banking Regulation and Supervision Agency (BDDK) has announced that it will take legal action against people who share critical comments on social media...
Business

Erdoğan’s shock moves revive Turkey’s ailing lira

Turkey's troubled lira extended on Tuesday a stirring recovery that erased nearly a month of historic losses after President Recep Tayyip Erdoğan introduced emergency...
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