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Turkish Lira slips after ruling AKP loses big cities
April 1, 2019
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
March 30, 2019
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
March 29, 2019
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…
Turkey to continue withholding lira liquidity overseas at least until Sunday’s elections: report
March 27, 2019
Turkey to continue withholding lira liquidity overseas at least until Sunday’s elections: report
Turkey will continue directing its banks to withhold lira liquidity from a key overseas market at least until after Sunday’s…
Turkey’s banking watchdog launches investigation into JP Morgan after lira stumbles
March 24, 2019
Turkey’s banking watchdog launches investigation into JP Morgan after lira stumbles
Turkey’s banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after…
Central bank’s international reserves melting, Turkish officials say nothing about it: report
March 23, 2019
Central bank’s international reserves melting, Turkish officials say nothing about it: report
The Turkish Central Bank’s net international reserves fell $6.3 billion in the two weeks through March 15 to $28.5 billion,…
Competition Authority launches investigation into 24 produce wholesalers
March 23, 2019
Competition Authority launches investigation into 24 produce wholesalers
Turkey’s Competition Authority on Friday announced an investigation into 24 businesses across the country for violation of fair competition regulations…
Turkish Airlines denies claim of sale to Qatar
March 21, 2019
Turkish Airlines denies claim of sale to Qatar
Turkey’s flag carrier Turkish Airlines (THY) on Thursday denied claims on social media that the airline has been sold to…
Turkey’s consumer confidence index moves up in March
March 21, 2019
Turkey’s consumer confidence index moves up in March
Turkey’s consumer confidence index has risen to 59.4 points in March, the Diken news website reported on Thursday, citing a…
Turkey extends tax cuts on cars, other goods in face of recession
March 21, 2019
Turkey extends tax cuts on cars, other goods in face of recession
Turkey took another step to boost consumption and its lira in the face of recession by extending on Thursday the…