Posted in: 23/12/2022 – 11:05 The Turkish lira fell to a new record low of 18.7 against the dollar on Friday, December 23, 2022, continuing its losses this year, which exceeded 29 percent, despite Ankara’s efforts to implement new policies to tighten control over the local currency exchange rate. The lira fell 44 percent in … Read more
said the Turkish president Recep Tayyip ErdoganThe country will adhere to a very easy monetary policy approach, represented byinterest rates In the single digits, after the central bank cut borrowing costs. The central bank said this week that it has ended its monetary easing cycle, cutting its benchmark interest rate to 9% from 10.5%. This … Read more
Turkey’s central bank cut its key interest rate by 150 basis points to 10.5% after annual inflation rose above 83% in September. The Turkish lira has lost 29% of its value this year On Thursday, Turkey’s central bank cut its key interest rate by 150 basis points to 10.5%, a drop more than expected, to … Read more
The Turkish lira fell below 17.5730 against the US dollar, on Tuesday, its weakest level since the major currency crisis in December; It was affected by the strength of the dollar and concerns about high domestic inflation and low interest rates. The lira has fallen about 25% this year, after falling 44% in 2021, to … Read more
The Turkish lira fell again on Wednesday, July 6, continuing losses for the seventh day due to the rise of the dollar and investors’ fears of rising inflation and the policies applied to deal with the economic crises in the country. The lira fell 1% against the dollar to record 17.2 by 08:07 GMT, continuing … Read more
<div id="firstBodyDiv" data-bind-html-content-type="article" data-bind-html-compile="article.body" data-first-article-body=" In a speech on Monday evening, Ardoan sought to play down the leap in inflation The annual increase was raised to 73 percent last month, saying it is one of the few problems facing the economy that is likely to begin to recede early next year. and recorded lira At … Read more
The Turkish lira is falling to its weakest level in two months. This is largely due to the currency crisis caused by a series of unconventional interest rate cuts. The Turkish lira hits its weakest level in nearly two months The Turkish lira fell 0.5%, on Friday, to 14.95 against the dollar, touching its weakest … Read more
The regulator of the banking sector in Turkey has advised commercial banks not to distribute returns from profits in 2021, after the collapse of Turkish lira eroding banks’ cash stocks, people with direct knowledge of the matter said. The regulator, known as BDDK, has passed its recommendation to banks through the Turkish Banking Association, but … Read more