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Moody’s downgrades Turkey to Ba3, assigns negative outlook

Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, citing a weakening of public institutions and the related reduction in the...

Samsung smartphones get more expensive in Turkey after Erdoğan’s call

South Korean electronics company Samsung has increased the prices of some of its smartphone models sold in Turkey following a recent call from Turkish...

Central bank poll: Turkish lira will be valued at 5.97 to the US dollar at yearend

Turkey’s central bank has released its expectations poll for August 2018 in which it forecast the value of the lira against the US dollar...

Finance Minister Albayrak seeks to reassure global investors amid currency crisis

-- No plans to go to IMF, focus on foreign direct investment -- Government to see certain expenditure cuts -- No non-market measures or capital controls --...

IMF: No indication Turkey considering IMF financial assistance

An International Monetary Fund (IMF) spokesperson said on Wednesday that there was no indication that Turkish authorities are considering asking for financial assistance from...

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...

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...

US warns Turkey: Nothing more to negotiate until pastor Brunson is freed

President Donald Trump’s top national security aide warned Turkey’s ambassador on Monday that the US has nothing further to negotiate until a detained American...

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...

Pro-gov’t daily accuses Qatar of betraying Turkey in currency crisis

As the Turkish government seeks the support of Gulf countries in the wake of a currency crisis due to US economic sanctions, the pro-government...

Russia keen on trading with Turkey in national currencies: Kremlin spokesman

Russia hopes to use national currencies in trade with Turkey, but the issue needs to be carefully worked out, Russian news agency Sputnik reported...

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