Tag Archives: lira

The Turkish lira is at its worst, as local investors could start to turn away from it, which would further its decline that has pushed the currency to consecutive record lows over the past month.So far, domestic investors have sold more than $5 billion of their foreign currency deposits in …

Turkey’s President Tayyip Erdogan dismissed three central bank monetary policy committee members on Thursday. Erdogan appointed two new members in their place according to the Turkish Official Gazette, sending the lira to new record lows. Erdogan appointed Taha Cakmak as a deputy central bank governor and Yusuf Tuna as an …

The Turkish lira fell to a new record low above nine lira to the dollar on Tuesday, October 12th, affected by uncertainty about political pressures to cut interest rates further and the dollar’s rise in general. The price of the lira recorded its record level, which it reached last night …

Turkey’s lira dropped to a record low on Monday as a stronger U.S. dollar weighed on emerging market currencies, adding to bearish momentum on the lira since the central bank unexpectedly cut interest rates in September. In addition, the latest statements by President Erdogan concerning the elimination of threats from …

The Turkish lira fell on Friday, May 28, to its lowest level ever, influenced by fears of rising inflation worldwide and expectations at the local level that the central bank will cut interest rates soon, along with the emergence of concerns about a possible early elections. The currency, the worst …

The Turkish lira weakened slightly Thursday, May 6, ahead of the central bank meeting to set the interest rate, as it is expected to keep the main interest rate unchanged in the face of rising inflation. The lira was at 8.3350 against the dollar, down slightly from the settlement rate …

The Turkish lira reached its lowest level against the dollar in nearly three weeks on Wednesday, February 24th, to remain under pressure after the government defended the policies of the former finance minister. In light of the weakness, the central bank raised the compulsory reserve ratio for deposits in the …

The Turkish lira rose by nearly 1% against the dollar to its highest level since September 3, continuing the gains that followed the country’s central bank hike of the main interest rate last week. The lira stood at 7.38 against the US Dollar in lackluster trading due to year-end holidays, …

The Turkish lira rose 0.8% to less than 7.5 Lira to the dollar on Monday, its highest level since mid-September, in a continuation of last week’s gains when the central bank raised key interest rates slightly more than expected. The lira recorded 7.4950 in meagre transactions due to the year-end …

The Turkish lira fell 0.45% against the US dollar ahead of a central bank meeting on interest rates, in which the bank is expected to raise its benchmark interest rate by 150 basis points. The currency reached 7.6590 against the dollar, a level just below its closing price on Wednesday …