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 …
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 …
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, …
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 …
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.
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%.
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 …
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 …
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%.
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
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 …
The exports Türkiye conducted using the Turkish lira more than doubled in November
as investors brace for another rate cut
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 …
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
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 tripled in the second quarter while first-half foreign visitor numbers surged close to 2019 levels
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 …
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
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 …
GDP probably expanded at slowest rate since 2020 last quarter