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The Turkish lira crashed as much as 7% in just a few minutes to a new record near 15 to the dollar on Monday, gripped by worries over President Tayyip Erdogan's risky new economic policy and prospects of another interest rate cut on …
Amid a sharp slide in the nation’s currency, the Turkish Central Bank announced it would intervene in markets and sell foreign exchange reserves Wednesday to stem volatility in the Turkish lira, …
Turkish President Recep Tayyip Erdogan appointed a new treasury and finance minister early Thursday after Lutfi Elvan stepped down from the post as the currency has been tumbling to record lows. Erdogan named Nureddin Nebati, who was …
The Turkish lira rebounded strongly Wednesday as the central bank said it had intervened due to “unhealthy” market prices. The Central Bank of the Republic of Turkey (CBRT) said in a statement it “directly” …
Turkey’s lira nosedived more than 15% on Tuesday after President Tayyip Erdogan defended recent rate cuts and vowed to win his “economic war of independence”, despite widespread criticism and pleas to reverse course. …
Turkey's lira weakened 1.3% on Tuesday to a new record low of 10.22 against the dollar, weighed down by expectations of another interest rate cut by a central bank. The lira has shed 27% this year, the worst performer in emerging …
Turkey’s central bank cut its policy rate by a staggering 200 basis points Thursday, sending the embattled Turkish lira to a new all-time low and raising the specter of deeper economic turmoil in the country. As Al Monitor …
Turkey’s central bank unexpectedly cut its benchmark rate on Thursday, risking further volatility in the lira amid high inflation and reflecting the long shadow cast by President Recep Tayyip Erdogan over monetary policy
Turkey’s lira tumbled to a new record low of 8.6 versus the dollar on Friday as it took a hit from global inflation concerns, expectations that the central bank will soon cut rates and worries over possible early elections. The …
Russia’s rouble firmed for the first time in five days on Monday as oil prices jumped on hopes of prolonged cuts in output, while emerging market stocks jumped to a more than two-year high on signs the economic rebound in China was gaining momentum
Turkish President Recep Tayyip Erdogan called on citizens to use the Turkish lira instead of the U.S. dollar in transactions. “Leave the dollar and the rest. Let’s turn to our money, the Turkish lira. …
Markets will monitor political statements regarding relations between the two countries, given the risks that they have recently entailed
Harrowing but unsurprising news for two of the hardest hit emerging markets in recent years
Was the central bank using the money borrowed from commercial banks in short-term swaps to inflate its foreign reserve figures?
after Turkey props up lira before vote
Erdogan said in Ankara that Turkey had thwarted “attacks” by the United States and the West on the lira
Washington excluded Turkey from the list of countries that enjoy duty-free access to the US market
The devaluation of the Turkish lira is making properties more attractive
Country’s financial markets have stabilised substantially since summer currency crisis
The more sanctions on Iran increase the more Turkey's importance for Iran rises
