Turkiye central bank targets 50% lira deposits in banks in 2024 ISTANBUL: Turkiye central bank said on Friday it aims to increase the share of Turkish lira deposits to 50% in the... Published 29 Dec, 2023 12:29pm
Markets Turkish lira marks new low after 36% drop this year ISTANBUL: The Turkish lira weakened to a record low of 29.4 against the dollar on Wednesday, bringing its losses in... Published 27 Dec, 2023 05:18pm
World Rise in Turkish inflation temporary: Erdogan ISTANBUL: Turkey's President Tayyip Erdogan said on Monday the rise in inflation is temporary and the government is... Published 21 Aug, 2023 10:33pm
Markets Turkish lira hits record low ahead of rate decision ISTANBUL: The Turkish lira weakened more than 2% to a fresh record low against the dollar on Tuesday over market... Updated 18 Jul, 2023 02:00pm
Markets Turkish lira flat after touching record low, central bank reserves up ISTANBUL: Turkiye lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the... Published 27 Jun, 2023 02:38pm
Markets Turkey’s lira hits fresh record lows after rate hike ISTANBUL: The Turkish lira weakened as much as 2.8% to a fresh record low early on Friday, extending losses as the... Published 23 Jun, 2023 11:11am
Markets Asia shares near month high ahead of central bank meetings SINGAPORE: Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe,... Published 12 Jun, 2023 09:43am
Markets Turkiye lira hits new record low, policy moves awaited ANKARA: The Turkish lira slipped to a new record low on Monday as investors waited for indications on policy moves... Updated 12 Jun, 2023 01:58pm
Markets Turkish lira touches record low near 23.4 overnight ISTANBUL: Turkiye lira weakened 0.8% to a record low on Thursday, extending its sharp drop from the previous... Published 08 Jun, 2023 10:32am
Markets Turkish lira down 7% in biggest selloff since 2021 crisis ANKARA: Turkiye lira plunged 7% to a record low on Wednesday in its biggest daily selloff since a historic 2021... Updated 07 Jun, 2023 12:57pm
Markets Turkish lira hits new low as Erdogan selects cabinet ISTANBUL: Turkey’s lira weakened more than 1% to a fresh record low on Tuesday as President Tayyip Erdogan, having... Published 30 May, 2023 12:42pm
Business & Finance Turkish lira hits record low, stocks gain after Erdogan re-election LONDON/GDANSK: Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after... Published 30 May, 2023 03:37am
Markets Turkish lira’s long decline a symbol of strife LONDON/ANKARA: As Turkey’s lira hit a record low ahead of the country’s election decider on Sunday, the currency is... Published 28 May, 2023 12:21pm
Markets Turkish lira nears record low of 20 vs dollar ahead of election runoff ISTANBUL: The Turkish lira weakened to a record low just off 20 against the dollar on Friday ahead of this weekend’s... Published 26 May, 2023 09:26am
Business & Finance US dollar falls from five-week high NEW YORK: The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state... Published 16 May, 2023 03:23am
Markets Turkey central bank gross reserves seen down $5bn last week -bankers ANKARA: Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116... Published 25 Apr, 2023 12:39pm
Markets Turkish lira at record low near 19 to the dollar ANKARA: Turkey’s lira weakened to a fresh record low of 18.9525 against the dollar on Thursday, as economists weigh... Published 09 Mar, 2023 03:00pm
Markets Turks’ forex holdings drop to $194.44bn ISTANBUL: Turkish locals’ forex and gold holdings dropped $5.04 billion in the week to Dec 23 when adjusted for the... Published 29 Dec, 2022 05:31pm
Business & Finance Turkish lira steps back from record low against dollar ISTANBUL: Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday during low... Published 27 Dec, 2022 06:07am
Markets Turkish central bank revises securities maintenance ratio to 5% ISTANBUL: The Turkish Central Bank said on Tuesday it revised the securities maintenance ratio to 5% from 3% and... Published 18 Oct, 2022 10:14am
Markets Turkish lira flat after shock rate cut weakening ISTANBUL: The Turkish lira was steady against the U.S dollar on Friday after nearing record lows in the previous... Published 19 Aug, 2022 10:25am
Markets Turkish lira leads losses after rate cut The Turkish lira led losses among emerging market currencies on Thursday after the country’s central bank delivered... Published 18 Aug, 2022 07:42pm
Business & Finance Turkish lira falls ANKARA: Turkey’s lira extended its recent losses on Thursday, weakening as far as 17.50, as the dollar’s broad... Published 15 Jul, 2022 06:20am
Markets Turkish lira surges 6% against dollar after lending curbs ISTANBUL: The Turkish lira rallied as much as 6% against the dollar on Monday after Turkey moved to restrict lira... Updated 27 Jun, 2022 11:29am
Markets Turkish central bank’s net FX reserve fall to $8.15bn ISTANBUL: The Turkish central bank’s net international reserves fell some $2.37 billion to $8.15 billion in the week... Published 16 Jun, 2022 05:10pm
Markets Turkish lira weakens slightly after volatile overnight trade ISTANBUL: The Turkish lira traded slightly weaker on Friday, having given up late gains the previous evening after... Published 10 Jun, 2022 09:55am
Markets Turkish central bank’s net FX reserve rise to $12.19bn ISTANBUL: The Turkish central bank’s net international reserves rose some $2.63 billion to $12.19 billion in the... Published 02 Jun, 2022 05:46pm
Markets Turkey’s recurring currency nightmare strikes again LONDON: Another 9% plunge in Turkey’s lira this month and debt market danger gauges at levels last seen during the... Published 30 May, 2022 12:51pm
Markets Turkey’s lira falls beyond 16.3 vs dollar as FX need grows ANKARA: Turkey’s lira slid beyond 16.35 against the dollar on Wednesday to its weakest level since the depths of a... Published 25 May, 2022 06:06pm
Markets Dollar falls for first week in seven amid US yield retreat TOKYO: The US dollar headed for its worst week since early February against major peers on Friday, weighed down by a... Published 20 May, 2022 09:38am