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Tag Archives: lira

Turkish lira declines

The Turkish lira fell slightly on Friday after the Treasury, the Central Bank and other government institutions announced a series of measures to support the economy. The lira fell to 17.24 per dollar in early trading from Thursday’s close of 17.20. The lira had risen as high as 16.8 on …

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Turkey’s trade deficit rises 157% in May

Turkey’s Trade Ministry said on Thursday that the country’s trade deficit jumped 157 percent year-on-year in May to $10.68 billion, as energy import costs continued to rise. Russia’s invasion of Ukraine has sent global commodity prices soaring, jeopardizing Ankara’s New Economic Program that aims to tackle high inflation by running …

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