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Turkish lira plunges to 6-month low as possibility of new election in İstanbul lingers

Turkish lira plunges to 6-month low as possibility of new election in İstanbul lingers

The value of the Turkish lira plunged on Thursday to 5.85, the lowest in six months against the US dollar,…
Prominent economist claims Turkey’s real inflation much higher than statistical authority says

Prominent economist claims Turkey’s real inflation much higher than statistical authority says

Steve Hanke, a professor of applied economics at John Hopkins University and former senior economist with a Reagan White House…
Turkey’s quarterly budget deficit reaches half its total amount in 2018

Turkey’s quarterly budget deficit reaches half its total amount in 2018

Budget statistics announced by the Ministry of Treasury and Finance have revealed that Turkey’s budget deficit in the first three…
Turkey’s finance minister fails convince global investors: report

Turkey’s finance minister fails convince global investors: report

Turkish Finance Minister Berat Albayrak offered little convincing detail of his economic turnaround plan and failed to enthuse investors at…
Turkey starts imposing VAT on Facebook ads

Turkey starts imposing VAT on Facebook ads

The Turkish government has begun imposing Value Added Tax (VAT) on Facebook ads, the Bloomberg HT news website reported on…
Reuters poll: Turkish lira will plunge to 6.25 against US dollar in a year

Reuters poll: Turkish lira will plunge to 6.25 against US dollar in a year

A Reuters poll on Friday forecast that the Turkish lira would continue falling, plunging to 6.25 to the US dollar…
Volatile Lira continues uncertainty in the aftermath of local elections

Volatile Lira continues uncertainty in the aftermath of local elections

Foreign exchange fluctuation is continuing in the Turkish market after the 31st March local election with the Lira weakening 2…
Turkish Lira slips after ruling AKP loses big cities

Turkish Lira slips after ruling AKP loses big cities

The Turkish Lira dropped 1.8 percent against the US dollar on the first morning after the local election. Reuters reported…
Lira overnight swap rate in London drops from 1200 percent to 50 percent

Lira overnight swap rate in London drops from 1200 percent to 50 percent

The Turkish lira’s (YTL) overnight swap rate plunged to 50 from a crippling 1200 percent in 24 hours. The currency…
Turkey crisis puts fear into emerging markets: report

Turkey crisis puts fear into emerging markets: report

Turkey is spiraling into a deep economic crisis as foreign exchange reserves collapse and capital flight overwhelms the regime of…
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