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Turkey’s forex sales to state firms hit record $4.15 billion in January: report

Sales of foreign currency to Turkey's state economic enterprises -- primarily energy importer Petroleum Pipeline Corporation (BOTAŞ) -- reached a record $4.15 billion in...

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...

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...

Turkish inflation dips below expectations in July, currency firms: report

Turkey's consumer price inflation fell to a lower-than-expected 11.76 percent year-on-year in July, official data showed on Tuesday, reversing two months of rising inflation...

Turkey’s central bank reduces interest rates to single digits, announces coronavirus measures: report

Turkey’s central bank cut its key interest rate by a full percentage point to single digits and announced a series of measures to boost liquidity amid...

Turkish competition authority launches probe into banks over violation in forex

The Turkish Competition Authority has launched a probe into more than 20 local and foreign banks over possible violations in foreign exchange and other services, Reuters...

Turkey allows forex real estate contracts for foreigners

Turkey has allowed foreign citizens resident in the country to make real estate contracts in foreign currencies under a revision of regulations designed to...

CHP leader to Erdoğan: Have you sold off the dollars you keep in shoeboxes?

Main opposition Republican People’s Party (CHP) Chairman Kemal Kılıçdaroğlu on Saturday asked President Recep Tayyip Erdoğan whether he has sold off his own dollars...

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