Lira

Türkiye's banking watchdog has announced the details of commercial loans decision revealed on June 24, while emphasizing that the decision is a measure taken to strengthen financial stability, use resources more efficiently and productively, and ensure that the credit system works effectively.

The Turkish lira rose 3.3% against the euro in April due to the latter's weakness.

Public transport prices, including buses and taxis, have been hiked by 40 percent, while water prices have been increased by 29 percent in Istanbul.

The Istanbul Metropolitan Municipality's Transportation Coordination Center (UKOME) met on April 6 to set new prices for the city's public transport.

Pressure eases on lira after Turkey president retreats over envoys’ expulsion threat

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.