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.
Turkish manufacturing contracts further in December: Index
Turkey's manufacturing, which represents around a third of the country's economy, slipped further into contraction in December, falling to its lowest level in four months, a survey showed on Jan. 2.
Turkish watchdog head backs trade in local currencies
Lending in local currencies should be considered as an opportunity to enhance trade relations with countries like Russia and China, head of a Turkish banking watchdog said on Dec. 21.
Turkish postal service converts $172 mln and 20 mln euros into liras
Turkey's postal service (PTT) has announced that it has converted $172 million and 20 million euros of foreign exchange into Turkish Liras, in response to a call from President Recep Tayyip Erdoğan to boost the struggling currency.
Erdoğan: Currency speculators trying to bring down Turkish economy
President Recep Tayyip Erdoğan has claimed Turkey's struggling economy is under attack from foreign exchange speculators, while also praising citizens who have converted their foreign currencies into liras.
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.
The dollar in the time of Süleyman the Magnificent
At the time of Sultan Süleyman the Magnificent, the American continent had been discovered but there was no American state or dollar. The Ottomans, who ruled from the Atlantic Ocean to the gates of Vienna, had an extremely serious "money" issue.
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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.
Erdoğan repeats call for Turkish citizens to sell dollars
President Recep Tayyip Erdoğan has repeated his call on citizens to convert their foreign exchange into gold or the Turkish Lira, claiming that "some circles" that could "not destroy Turkey by tanks and rifles" are now trying to hit the country economically.
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.