Turkish exports to Russia increased by 400%
In 2023, supplies from Türkiye to Russia increased by almost 400% when calculated in lira. In total, the mutual trade turnover will amount to $56 billion in one year.
Turkish lira
Turkish lira falls to 27.46 per dollar
On Friday morning, the Turkish lira updated its minimum record values once again. In September, the Turkish lira fell in price against the dollar by almost 3%.
Turkish central bank lifts its interest rate by 500 points
Türkiye's Central Bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up …
Turkish lira hits fresh record low
The Turkish lira weakened more than 2% to a fresh record low against the dollar on July 18 over market concerns that the central bank might raise …
Turkish lira keeps falling for second day in a row
The collapse of the Turkish lira continues for the second day in a row. This happened right after the Central Bank of Türkiye raised the key rate from 8.5 to 15%.
Turkish lira sets anti-record ahead of run-off
On the eve of the presidential run-off scheduled for tomorrow, the country’s currency is trading at an all-time low - almost TL 20 to a dollar
Moscow Exchange volume of trading in Turkish lira soares by 17 times
The Moscow Exchange plans to launch trading in the UAE dirham, Azerbaijani manat and Egyptian pound on the foreign exchange market in 2023, Yury Denisov, Chairman of the Board of the Moscow Exchange, told reporters "This year, we …
Türkiye increases volume of trade operations in national currency
The exports Türkiye conducted using the Turkish lira more than doubled in November
Turkey’s lira hits a new record low
as investors brace for another rate cut
Türkiye working on new stimulus for businesses to sustain activity
The Turkish government is working on a new financial package to support small- and medium-sized enterprises (SMEs) in need of collateral, the country’s Treasury and Finance Ministry said. According to …
Why Turkish lira depreciating
The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year
Inflation in Turkey hits almost 80%. What is going on with prices?
Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%
Turkey's tourism revenues nearly triple, but many Turks stay home
Turkey's tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged close to 2019 levels
Russia and Türkiye negotiating to increase trade in ruble, lira
The delegations of Russia and Turkey are negotiating to increase trade in national currencies, the Aydinlik newspaper reported on Tuesday, citing its sources. Technical delegations are negotiating between the two countries to harmonize …
Ways Turkey intends to defeat inflation
Turkey's Treasury said on Friday fighting inflation remained its top priority after authorities announced fresh measures to shore up an economy beleaguered by surging prices and a sliding lira
Erdogan: Turkey to continue cutting interest rates
Turkish President Recep Tayyip Erdogan vowed that Turkey would continue lowering interest rates rather than increasing them, in his most explicit remarks that come as inflation soars. “This government will not hike interest …
Turkish economic growth shows strain from inflation, lira shocks
GDP probably expanded at slowest rate since 2020 last quarter
Turkish lira weakens against dollar
The Turkish lira eased a further 0.5% against the dollar on Wednesday, weakening for the fifth consecutive session and bringing the currency back towards the lows which it hit in late December after a series of unorthodox interest rate cuts. …
Turkey awaits inflation
According to Bloomberg, Turkey is set to raise inflation forecasts after consumer prices surged to nearly …
Inflation in Turkey widens gap between rich and poor
Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses
