Tag Archives: Turkey

The Turkish lira fell after record highs over five days, disregarding the messages of reassurance from the government. The currency fell 6.2% to 11.3399 per dollar, on a weak trading day, and since the beginning of the year, the lira has lost 34% of its value, which is the largest …

The Turkish lira rose sharply today, Thursday, to succeed in descending below the 10.34 lira/dollar, while it is very close to the levels of 10. The Turkish lira jumped against the dollar during these moments by more than 11%, as it was seen at levels of 10.34 lira/dollar, which is …

The Turkish lira jumped from very low levels, which it started trading yesterday, but quickly rebounded after Turkish President Recep Tayyip Erdogan introduced measures to protect savings in the local currency from such fluctuations. Under Erdogan’s plan, his government promised to guarantee deposits in lira, sending the currency up by …

Turkish consumer confidence fell 3.1 percent to 68.9 points in December, official data showed on Tuesday, hitting its lowest level since records began in 2004. Confidence fell to its lowest level last year due to the Coronavirus pandemic, before the rally that began in October of this year. A confidence …

The Turkish lira rose 7 percent on Tuesday after a historic rebound of 25 percent on Monday from record lows, after President Recep Tayyip Erdogan unveiled a plan he said would protect local currency deposits from market volatility. The currency fell and then rose in turbulent trading to record 12.21 …

The price of the US dollar rose against the Turkish lira by about 6% in today’s transactions, to record the Turkish currency’s new low at 17.41 lira to the dollar. The prices of the Turkish currency are affected as a result of the inflation that Turkey is currently witnessing, which …

The Central Bank of Turkey said in a statement that it directly intervened in the market through selling operations due to unhealthy price formations in exchange rates. The price of the Turkish lira collapsed against the dollar during today’s trading, to reach its highest price at 17.07 during today’s trading, …

The Turkish lira hit a record low against the dollar on Friday, a day after the central bank announced another interest rate cut as part of President Recep Tayyip Erdogan’s economic program. The lira was down 2 percent at 16 per dollar, compared to its close of 15.675 on Thursday. …

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …

The Turkish lira pared its decline slightly after falling by 4% on Tuesday, December 14, after a day in which it plunged to record lows on concerns about President Recep Tayyip Erdogan’s new economic policy and the prospects of another interest rate cut this week. The lira touched 14.4 against …