lira

Receive free Turkish economy updatesWe’ll send you a myFT Daily Digest email rounding up the latest Turkish economynews every morning. Turkey has loosened bank regulations designed to push consumers and businesses to reduce dollar…

Turkey’s lira tumbled on Wednesday by the most since late 2021 as President Recep Tayyip Erdoğan’s new economic team began to loosen the shackles that had slowed its fall in recent months. The currency dropped 6 per cent in London…

Turkey’s lira has weakened by the most in almost a year as traders fret over a continuation of President Recep Tayyip Erdoğan’s “unsustainable” economic policies after he swept to victory in this weekend’s election.The lira fell 1.2…

Turkey’s lira has fallen to 20 to the US dollar for the first time, underscoring the mounting pressure on the country’s economy and financial system as polls predict President Recep Tayyip Erdoğan will clinch a victory in this…

© Reuters. A man counts his money as he leaves a currency exchange office in Istanbul, Turkey September 26, 2022. REUTERS/Dilara Senkaya/File Photo By Kevin Buckland TOKYO (Reuters) - The U.S. dollar rose to a five-week high against…

© Reuters. FILE PHOTO: A logo of Turkey's Central Bank (TCMB) is pictured at the entrance of the bank's headquarters in Ankara, Turkey April 19, 2015. REUTERS/Umit Bektas By Ali Kucukgocmen and Ezgi Erkoyun ISTANBUL (Reuters) -…

Breadcrumb Trail Links PMN Business Russia is considering purchases of China’s yuan, India’s rupee and Turkey’s lira for its wealth fund under a budget mechanism that uses excess income from energy sales. Author of the article:…

Currencies in Turkey and South Africa weakened against the dollar on Thursday ahead of monetary policy decisions, while China’s yuan slipped to a near one-week low on simmering risks in the country’s property sector. Turkey’s battered lira…

Turkish companies could be forced to start selling their foreign currency holdings after a new directive was issued that bankers and analysts described as a fresh step down the path towards capital controls.The Turkish banking…

Turkey’s lira headed for its worst week since March on Friday as surging inflation fanned fears of more policy tightening, while the Russian rouble firmed even as the central bank cut rates. The rouble gained as much as 56.72 to the …