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Turkish lira slides ahead of likely interest rate cut

The Turkish lira on Wednesday extended its historic slide on the eve of a meeting at which the central bank was expected to lower...
Business

Depreciation of lira makes shopping in Turkey a bargain for neighbors

A growing number of people from neighboring countries are visiting Turkey to shop, with the rapidly depreciating lira making it an ideal spot to...
Headline

Turkish lira collapse piles misery on northern Syria

Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighboring Turkey has slashed the value of his salary by...
Business

Turkey’s central bank steps in again to contain lira’s decline

The Turkish Central Bank (TCMB) has meddled with the foreign exchange markets by injecting dollars for the second time this week to stop the...
Headline

Turkish lira’s historic crash sparks protests, calls for AKP to resign

Scores of people in Turkey took to the streets, calling on President Recep Tayyip Erdoğan’s Justice and Development Party (AKP) government to resign, after...
Business

Opposition leaders take action as Turkish lira drops to record low

Opposition party leaders have started to take action to stop the depreciation of the Turkish lira, which weakened to a record low of 13.49...
Headline

Ex-finance minister, blamed for worsening Turkish economy, spotted vacationing in Paris

As the Turkish lira sank to a record low against the US dollar on Thursday, the country’s former finance minister and son-in-law of President...
Business

Reactions mount against another rate cut by Turkey’s central bank

Politicians, economists and social media users have criticized the Turkish Central Bank’s latest move to cut its policy rate by 100 basis points to...
Business

Turkey’s troubled lira accelerates record slide

The Turkish lira suffered one of its biggest falls of the year on Tuesday and hit new historic lows to cement its status as...
Business

Turkish lira hits new depths near 10 to the dollar

The Turkish lira continued its dive into uncharted territory on Thursday, touching a new low of 9.975 to the dollar after a jump in...
Business

Turkish lira slumps to record low after Erdoğan orders expulsions

The Turkish lira dropped to record lows on Monday after Turkish President Recep Tayyip Erdoğan at the weekend ordered the expulsion of the ambassadors...
Business

Exchange offices to object to regulations stripping lira sellers of anonymity

Turkey’s exchange offices are preparing to file a formal objection to recently issued regulations that require money changers in the country to record the...
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