Economy of the Ottoman Empire
Turkey lowers withholding tax on lira deposits, raises tax on forex deposits
Turkey has lowered the level of withholding tax on lira bank deposits of more than one year to zero from 10 percent, while raising the tax level on foreign currency deposits of up to one year, the Official Gazette said on Aug. 31.
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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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.
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.
Turkey is a 'target of economic war,' Erdogan says
President Tayyip Erdogan denied on Saturday that Turkey is in a currency crisis, dismissing a plunge in the lira as "fluctuation"' which have nothing to do with economic fundamentals.
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Turkish lira hits new low on worries over economy, US row
The Turkish Lira briefly tumbled to a fresh low near 6.5 per dollar on Aug. 10, as a deepening rift with the United States and intensifying worries about the state of the economy dragged on the currency again.
Turkish Central Bank lowers FX reserve requirement to support lira's value against dollar
In an attempt to curb Turkish Lira's plunge, Turkey's Central Bank lowered the foreign exchange markets reserve requirement limit on Aug. 6.
Turkish Lira skids past 5 to the dollar on US sanctions news
The Turkish Lira slid to a record low beyond 5 to the dollar and stocks fell on Aug. 2, after the United States imposed sanctions on two Turkish ministers over the trial of a U.S. pastor accused of backing terrorism.
Appreciation of the Turkish Lira by 3% Against the Dollar
The Turkish lira rose nearly 3% against the US dollar. This happened after the Central Bank of Turkey decided to simplify its monetary policy.