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Lira gaining value would slow industry, raise unemployment: Turkey’s finance minister

Turkey’s Treasury and Finance Minister Nureddin Nebati has said that if the Turkish lira gains in value against the US dollar, it would slow...
Business

Turkey’s inflation at two-year high above 17 percent after lira slide

Turkish annual inflation climbed to 17.14 percent in April to its highest level in nearly two years, data showed on Monday, driven by a...
Business

Turkish lira, stocks sink after Erdoğan fires top banker

The Turkish lira and stocks plunged Monday as officials tried to stem the carnage caused by President Recep Tayyip Erdoğan's abrupt dismissal of his...
Business

Turkey’s central bank keeps main interest rate at 17 percent

Turkey's central bank on Thursday kept its main interest rate steady at 17 percent after two consecutive hikes aimed at slowing down inflation and...
National

Turkish gov’t selling aircraft seized from Gülen-linked businessmen

Turkey's state-run Savings Deposit Insurance Fund (TMSF) is selling two private passenger jets owned by companies seized from businessmen over their alleged links to...
Business

Turkish lira hits another historic low against US dollar

Turkey's lira once again weakened to a record low against the US dollar on Tuesday, standing at 8.489 to the dollar and 9.930 to...
Business

Turkey’s lira nears record low against euro amid concerns over EU sanctions

Turkey's lira approached a record low against the euro on Monday, driven by state interventions that have tied it to the dollar and also...
Business

Turkish lira lowest since mid-May after jump in inflation: report

Turkey’s lira slipped to its weakest since mid-May late on Friday after Fitch said the country still faces external financing risks and that its...
Business

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...
Business

Central bank lowers FX market reserve requirement limit to prevent value loss of lira

Turkey's central bank lowered the foreign exchange market reserve requirement limit on Monday in order to prevent subsequent value losses in the Turkish lira,...
Business

Erdoğan’s sweeping election victory has limited effect on Turkish lira

President Recep Tayyip Erdoğan’s re-election had only a limited effect on the Turkish lira on Monday, despite a sweeping victory. While in the early morning...

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