Lira

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. 

Turkey's privatization authority shifts to Turkish Lira in tenders

The Turkish Privatization Authority (ÖİB) announced on Dec. 6 that privatization tenders will henceforth be held on a Turkish Lira basis, in order to support the lira amid its sharp deterioration in value. 

The ÖİB said all payments would be gradually shifted to the lira for all ongoing tenders. 

PM Yıldırım: Gov't to announce results of economy board meeting on Dec 8

The results of a recent economy coordination board (EEK) meeting will be announced in detail on Dec. 8, Turkish Prime Minister Binali Yıldırım has stated.

"We held the EEK meeting and our friends have now been undertaking technical work. We will make a detailed announcement on Dec. 8, when we return from our Russia visit," Yıldırım said on Dec. 5, ahead of a two-day visit to Russia.

Turkey seeks trade in local currencies with Russia, China, Iran: Erdoğan

Turkey is seeking to conduct trade with Russia, China and Iran in local currencies, Turkish President Recep Tayyip Erdoğan said Dec. 3. 

Speaking at the opening ceremony of a shopping mall in Istanbul, Erdoğan said that he had proposed Russian President Vladimir Putin to conduct trade between the two countries with local currencies. 

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