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turkish lira

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Turkish lira expected to fall sharply after ‘major policy mistake’: report

The Turkish lira is expected to fall sharply in the coming months because the central bank is failing to target inflation, the Ahval news...
Business

Lira gains 5 percent after Turkish court releases American pastor

The Turkish lira has gained over 5 percent in value against the US dollar since last Friday after the emergence of signs of recovery...
Business

Turkish economic confidence suffers biggest slump in a decade

Confidence in Turkey’s economy fell by the most in a decade in September with a 15.4 percent tumble, official data showed on Thursday, reinforcing...
Business

Lira firms after US remarks on expected meeting over Brunson with Turkish officials

Turkey’s currency firmed more than 3 percent against the dollar on Monday, boosted after US Secretary of State Mike Pompeo said he expected discussions...
Business

President Erdoğan: There’s no economic crisis in Turkey, it’s all manipulation

President Recep Tayyip Erdoğan has said there is no economic crisis in Turkey, describing the situation as “mere manipulation,” saying Turkey is richer and...
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 rules property sales, rental agreements must be in lira

Turkish President Recep Tayyip Erdoğan has decreed that property sales and rental agreements must be made in lira, putting an end to such deals...
Business

Turkish central bank hikes rates to save weakening lira

Turkey’s central bank raised its benchmark rate by 625 basis points on Thursday in a move that boosted the lira and may ease investor...
Business

Turkey sees highest inflation in past 15 years at nearly 18 percent

Inflation in Turkey rose again in August to nearly 18 percent, official statistics showed, the highest since late 2003 and coming after the Turkish...
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’s central bank deputy governor to leave: report

Turkish Central Bank Deputy Governor and ratesetter Erkan Kilimci is leaving the bank, three sources familiar with the matter told Reuters. Kilimci is joining the...
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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