Lira

Already growing, the Turkish gaming industry has been given wings by the plummeting value of the lira and the effects of the COVID-19 pandemic.

The Turkish Central Bank signed an agreement with defense and technology firms Aselsan and Havelsan, and the Scientific and Technological Research Council of Turkey (TÜBİTAK) for the research, development and testing processes of potential digital Turkish lira.

Art lovers gathered for a "Season of Silver" art exhibition held in the Turkish capital Ankara on Wednesday to enjoy a Guatemalan artist's different perspectives on Turkish Lira banknotes.

Newly printed 200 Turkish lira and 10 Turkish lira banknotes will go into circulation on July 16, ahead of next week's Muslim holiday of Eid al-Adha, or the Feast of the Sacrifice, said an official announcement.

Turkish corporations have reduced their direct exposure to foreign exchange risks in the past few years, Fitch Ratings said in a statement on June 16. 

Real estate agents say a growing number of people from the Balkans are snapping up holiday homes and offices in Turkey, taking advantage of the weak lira.

The lira lost 17% of its value in the Asian markets

Turkey's Central Bank on Feb. 24 revised its regulations on reserve requirements to improve the effectiveness of the monetary transmission mechanism in the country.

The bank increased Turkish lira reserve requirement ratios by 200 basis points- for all liability types and maturity brackets.

The Turkish lira has continued its rally against the U.S. dollar on Feb. 15, hitting the highest value in the last six months, thanks to the country's pledge to open a new era in its economy.

Turkey is affected by global capital movements as much as other countries, the finance minister said on Aug. 12, referring to the Turkish lira losing ground. 

"Turkey is affected much less than before from exchange rate volatilities," Berat Albayrak told CNN Turk.

Albayrak stressed Turkey is managing fluctuations in a controlled manner.