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Turks held forex worth $200 bln as of May 29: report

Foreign currency deposits and funds, including precious metals, held by Turkish individuals and companies rose to $200.21 billion as of May 29, edging closer...

Turkish central bank’s FX reserves jump to almost $32 bln after Qatar swap deal

The Turkish central bank's net international reserves jumped to 217.052 billion lira ($31.97 billion) as of May 22, from 180.003 billion lira a week...

Turkey sold some $44 bln of reserves in 4 months to boost currency: report

Turkey’s state banks sold about $44 billion of hard currency in the first four months of this year and some $77 billion since the...

Turkish lira firms nearly 1 percent against US dollar: report

Turkey’s lira firmed around 1 percent on Tuesday to below 7.0 against the US dollar, extending its gains after weakening to an all-time low last week,...

Turkish lira nears all-time low after concerns over central bank reserves: report

Turkey’s lira tumbled 1.3 percent on Wednesday and neared an all-time low hit during a 2018 currency crisis after a regulator clamped down further on foreign...

Turkish lira defense sends central bank reserves to lowest level in year despite borrowing: report

Turkey’s defense of the lira sent central bank net international reserves to the lowest level since last May even after it borrowed a record amount of...

Turkish central bank cuts interest rate to 8.75 pct amid coronavirus crisis: report

Turkey’s central bank cut interest rates to 8.75 percent on Wednesday, risking further lira weakness, in a bigger-than-expected move aimed at limiting the economic damage of...

Turkish lira hits lowest level since 2018 currency crisis: report

Turkey's lira weakened some 0.5 percent against the dollar on Wednesday to its lowest level since the height of the 2018 currency crisis, as investors eyed...

Turkish lira slips 2 pct against US dollar as coronavirus cases surge: report

The Turkish lira fell nearly 2 percent against the dollar on Monday as the number of coronavirus cases continued to surge in Turkey and world markets...

Turkish lira hits weakest level since currency crisis in 2018: report

Turkey's lira on Tuesday weakened nearly 0.4 percent over concerns about the impact of the coronavirus, hitting its weakest level since September 2018, at the height...

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 lira continues losing value due to coronavirus concerns: report

The Turkish lira extended losses on Thursday as concern intensified among the public about the spread of the coronavirus, the Ahval news website reported. The lira dropped...

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