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currency crisis

Business

Turkey sharply cuts growth forecasts in new economic program

Turkey has sharply cut its growth forecasts for this year and next in its new economic program, unveiled by Treasury and Finance Minister Berat...
Business

Turkish lira loses almost all gains after interest rate hike of 625 basis points

Five days after the Turkish Central Bank’s interest rate hike of 625 basis points, a record high during President Recep Tayyip Erdoğan’s terms in...
Business

Turkey’s biggest business newspaper lays off 40 employees due to financial troubles

Turkey’s prestigious economy newspaper Dünya has let 40 staff members go over the last two days as a result of financial problems, the Gerçek...
Headline

Erdoğan’s job approval falls to 44.5 percent, with 46.7 percent not approving

Turkish President Recep Tayyip Erdoğan’s job approval fell to 44.5 percent in August, while the disapproval rate increased to 46.7 percent, according to a...
Business

Fitch downgrades its growth forecast for Turkey amid currency crisis

Fitch Ratings has revised its growth forecast for Turkey to 3.8 percent in 2018 and 1.2 percent in 2019, lowering it by 0.7 percent...
National

7 local papers in Turkey’s İzmir halt Sunday editions due to currency crisis

Seven local daily newspapers in Turkey’s third biggest city of İzmir have decided to halt publications on Sundays due to an ongoing currency crisis,...
National

Erdoğan: ‘Currency manipulations’ aimed at casting doubt on Turkey’s strong economy

Currency manipulations are aimed at casting doubt on Turkey's strong and solid economy, President Recep Tayyip Erdoğan said Sunday, according to the state-owned Anadolu...
Business

Turkey calls on country’s religious authority in struggle to keep prices down

As the Turkish lira continues to be hit by losses in value against foreign currencies, the government has been struggling to keep prices down,...
Business

Erdoğan calls int’l credit rating agencies ‘fraudsters,’ says currency crisis will pass

Turkish President Recep Tayyip Erdoğan on Friday called international credit rating agencies “fraudsters” while promising his supporters that “this too shall pass,” referring to...
Business

Albayrak: Global rating agencies trying to create pessimistic view of Turkey’s banks

International rating agencies have been making intense efforts to create a pessimistic view of Turkey’s banks, Treasury and Finance Minister Berat Albayrak said on...
National

Pro-Erdoğan daily declares Trump, Pence ‘lunatics of a deviant sect’

The pro-Erdoğan Turkish Yeni Şafak daily claimed on Wednesday that US President Donald Trump and US Vice President Mike Pence are pondering a “crusade,”...
National

Turkish man named ‘Dolar’ changes surname after ‘dollar’ ribbing from friends

A man in Turkey’s western province of Muğla has decided to change his surname, Dolar, in response to the ribbing he’s received because of...
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