Economy of the Ottoman Empire
Turkish Lira with a New Record Drop
Turkish lira collapsed by another 5 percent against the dollar on Wednesday, reflecting investors' concerns about President Recep Tayyip Erdogan's controversial monetary policy.
The Turkish central bank is under pressure to hold an extraordinary meeting to raise interest rates ahead of the planned June 7 meeting, but it is undesirable, as Erdogan wants low interest rates.
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Turkish Central Bank acts on rediscount credits to stem lira's fall
In a new measure aiming to curb Turkish Lira's decline, the Central Bank has decided to allow exporters to repay foreign currency-denominated loans in the local currency.
Turkish Lira soars sharply as Central Bank lifts rates
Turkey's Central Bank has sharply increased one of its primary lending rates as it looks to stem the embattled Turkish Lira's decline.
Ankara struggles to prop up plunging Turkish Lira
Ankara has been struggling to prop up the embattled Turkish Lira, which fell more than 5 percent against the dollar to hit a new record level of 4.9290 on May 23, edging closer to the psychological level of 5 to the dollar.
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Turkish Lira hits new record low after Fitch's statement
The Turkish Lira has slid to a fresh historic low of 4.64 against the dollar following a statement from the credit rating agency Fitch on May 22.
Turkish Lira weakens to record low against dollar amid dollar rally, concerns
The Turkish Lira extended its relentless tumble on May 21, sliding more than 2 percent against the dollar, hit by a surging greenback and concerns about the Central Bank's ability to rein in double-digit inflation.
Turkish Lira on the ropes amid worries, dollar rally
Turkey's record-low lira was among a host of heavyweight emerging market currencies pinned to the canvas on May 16 after the dollar put on another show of strength.
Turkish Central Bank takes liquidity steps as lira hits record lows
The Central Bank introduced additional liquidity measures to shore up the Turkish Lira on May 9 after the currency slid to a record low against the dollar.
Turkish Lira, Russian rouble tumble
The Russian rouble and the Turkish Lira became the worst performing emerging market currencies on April 10, with the lira again hitting record lows.
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Value of Turkish Lira again plummets to record lows against euro, dollar
The Turkish Lira has once again weakened to record lows against the dollar and the euro as investor concerns about an overheating economy and geopolitical risks mounted.