Economy of the Ottoman Empire
Turkish lira sees record low against dollar
The Turkish lira hit a new low against the U.S. dollar on Jan. 11 morning following the Central Bank's liquidity boost a day earlier.
The lira fell to a historic low of 3.8950 to the dollar early on Jan. 11 trading after starting the day at around 3.8220.
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Turkey Supports Turkish Lira After It Depreciates To Record Low Level
Turkey's Central Bank announced measures in support of the national currency after it reached a new record minimum against the background of investors' apprehensions that the country might concentrate executive power in the hands of the president, reported Associated Press, cited by BTA.
Turkish Lira slides to new record lows against dollar, euro
The Turkish Lira slid to a new record low against the U.S. dollar and euro due to ongoing security concerns and economic problems on Jan. 5, Doğan News Agency reported.
The lira declined to 3.64 against the dollar and 3.81 against the euro, making it the worst-hit emerging currency. The lira later eased slightly to 3.62.
Borsa Istanbul converts all cash assets into lira after Erdoğan's remarks
Turkey's main stock exchange, Borsa Istanbul, has become the first institution to convert all of its cash assets into the Turkish Lira a few hours after President Recep Tayyip Erdoğan called on people and institutions to back the struggling currency against the U.S. dollar.
Turkey to hold second unscheduled economy board meeting in a week 'to discuss lira weakness'
Turkish Prime Minister Binali Yıldırım will convene top economy officials to discuss lira weakness for the second time in five days on Nov. 22, sources in his office said, as pressure grew for the Central Bank to hike rates to support the currency.
Turkish Lira eases as rate cut expectations decline after officials' comments
The parity between the U.S. dollar and Turkish Lira eased slightly on Oct. 19, as expectations about a fresh rate cut by the Turkish Central Bank decreased.
Turkish stocks extend losses as political tension rises
Turkish stocks extended losses on May 4, a day after their biggest fall in more than five months, as signs of tension between President Recep Tayyip Erdo?an and Prime Minister Ahmet Davuto?lu hit investor confidence.
INTERVIEW: Despina Vlami on 'trading with the Ottomans'
The Levant Company may today be a little-known footnote of British and Ottoman history, but its centuries-long operations are an important marker of this early era of globalization, when diplomacy combined with war and high-stakes risk-taking at the sharp edge of economic expansion.
Trading with the Ottomans
'Trading with the Ottomans: The Levant Company in the Middle East' by Despina Vlami (IB Tauris, £62, 304 pages)
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Turkish currency weakens after presidential aide says currency justifies rate cut
Turkey's lira weakened on April 8 after a presidential aide said its level justified an interest rate cut, increasing the political pressure on the central bank to cut rates.
Cemil Ertem told state broadcaster TRT Haber that the Turkish Lira, still not far off a record low hit last year, was in a "strong position" against the U.S. dollar.