Economy of Northern Cyprus

Turkish Central Bank dismisses calls for tighter fiscal policy as lira continues its plunge

Turkey's central bank held rates steady at 19% as expected on Thursday and dropped a pledge to tighten policy further if needed, in its first decision since President Tayyip Erdogan fired the hawkish former governor and sparked a market selloff.

Turkey one of rare countries dodging COVID-19 with least damage: Erdoğan

Turkey has become one of the rare countries that have been able to dodge the pandemic with the least damage due to its effective health and economic policies, President Recep Tayyip Erdoğan has said, informing the government allocated 311 billion Turkish Lira to support Turkish people and economy during the COVID-19 pandemic.

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