Economy of Northern Cyprus
Who and what is moving the Turkish Lira?: Analysis
The Turkish lira has witnessed some dramatic price movements in August 2018. Needless to say, changes in capital holdings can significantly explain price variations. While we need to wait until the end of the quarter to see foreigners' capital holdings movements, particularly for August, we can already analyze capital trends between the beginning of the year and end-July.
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After grim 2016, Turkish tourism makes a comeback
Tourists have returned in droves to Turkey, helped this summer by the sharp fall in the value of the Turkish lira following economic uncertainty and a rift with the United States.
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Turkey: A crossroads of risk and opportunities
Foreign investors might be facing the dilemma of whether or not to invest in Turkey, with the rising opportunity from high interest rates on the Turkish Lira and very low stock prices of the BIST 100 Index's valuation of the United States dollar, as well as the decreasing value of real estate.
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'No material impact' on Fourlis from Turkey woes
Greek retailer Fourlis Group sought to reassure investors over its operations in Turkey, following the recent devaluation of the Turkish lira, saying the problems in the country's economy "do not have any material impact on the consolidated financial statements" of the company.
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Turkey overcomes speculations on currency: Presidency
Presidential spokesperson İbrahim Kalın said the recent fluctuations of the Turkish Lira against the United States dollar have been "brought under control," adding that the speculations over the national currency have been overcome.
Turkish lira rebounds after Qatar pledges $15 billion
The Turkish lira is rebounding after Qatar pledged US$15 billion in investments to help Turkey's economy.
Turkey Doubles Tariffs on some U.S. Imports, Turkish Lira Rallies
ISTANBUL (Reuters) - Turkey doubled tariffs on some U.S. imports including cars, alcohol and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied a further six percent after a fresh move by banking authorities to underpin the currency.
Turkish Lira rebounds to help global shares regain footing
World share markets regained their footing on Aug. 14 as the threat from the collapse of the Turkish lira ebbed and reassuring German data offset signs of slowing growth in China.
Lebanese businesspeople come to support of Turkish lira
Lebanese businesspeople have launched a solidarity campaign for the Turkish lira, which has recently lost ground against the dollar amid a raft of newly-imposed U.S. sanctions.
Lira facing 'speculative attack', says İşbank CEO
Turkey is under a speculative attack as the recent developments in the lira cannot be explained by the country's economic fundamentals, İşbank chief executive Adnan Bali said on Aug. 13.
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