Economic warming in Türkiye: Central Bank's key rate cut by 2.5%
The Turkish authorities have decided to lower the key rate from 43% to 40.5%.
Turkish lira
Turkish annual inflation cools further in August
Türkiye's annual inflation rate eased further in August, coming in just below 33%, official data showed on Wednesday.
Turkish bank sold nearly $9 bln to defend lira
Turkish lenders sold up to $ 9 billion yesterday to support the lira after the currency plunged as much as 11% following the detention of Istanbul Mayor Ekrem Imamoglu. The intervention in the lira market was carried out through …
Turkish lira plummets amid political turmoil
The Turkish lira weakened sharply to a record low against the U.S. dollar after Ekrem Imamoglu, the main opposition challenger to Turkish President Recep …
Lira hits historic low in Türkiye
The dollar to Turkish lira exchange rate reached 36 lira today, marking an all-time low for the national currency.
Türkiye may introduce 500-lira banknote
A 500-lira banknote may be issued in Türkiye soon. Currently, the largest banknote is the 200 lira, which was issued 15 years ago.
Turkish lira drops to record low against dollar and euro
The Turkish lira has dropped to an all-time low value against the dollar and the dollar is traded at more than 32 lira, according to online trading …
Turkish banks to use 'inflation accounting'
Turkey's banks and other financial institutions will have to wait until 2025 to apply inflation-adjusted accounting to their balance sheets, the BDDK banking watchdog said. "It has been decided that banks, …
Turkish lira hits new record low
The Turkish lira hit a fresh record low against the U.S. dollar on January 11, trading at 30.005 to the greenback just before noon local …
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 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
