Economy of the Ottoman Empire

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 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.

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