dollar

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

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…
Turks are dumping lira and hoarding dollars: report
Business

Turks are dumping lira and hoarding dollars: report

Turkish households and companies that are faced with runaway inflation and near-zero real returns on local-currency deposits have converted $18…
[OPINION] Turkish small and medium business: A valuable lesson for Ukraine
Editor's Choice

[OPINION] Turkish small and medium business: A valuable lesson for Ukraine

When people describe the business in Turkey, they usually laud its small and medium business. Definitely, about 96% of all…
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