Maltese lira

Turkey's central bank raised its benchmark rate by 625 basis points on Sept. 13 in a move that boosted the Turkish Lira and may ease investor concerns about monetary policy.

The Turkish lira gained ground against the U.S. dollar on Sept. 12 ahead of the monetary policy committee meeting of the Turkish Central Bank.

AFP - Inflation in Turkey rose again in August to nearly 18 percent, official statistics showed on Monday, a record since late 2003 and coming after the Turkish lira dramatically weakened against the US dollar last month.

Presidential spokesperson İbrahim Kalın said the recent fluctuations of the Turkish Lira against the United States dollar have been "brought under control," adding that the speculations over the national currency have been overcome. 

The Turkish Lira briefly tumbled to a fresh low near 6.5 per dollar on Aug. 10, as a deepening rift with the United States and intensifying worries about the state of the economy dragged on the currency again.

Emerging currencies, including the Turkish Lira, and global stock markets were down on June 19 as the tit-for-tat trade war between the United States and China escalated.

Turkey's Central Bank held its first repo auction for 18 months on June 1 and the lira continued to slide, as investors focused on inflation data due next week.

The Turkish lira rose nearly 3% against the US dollar. This happened after the Central Bank of Turkey decided to simplify its monetary policy.

The Turkish Lira firmed to 4.66 against the dollar on May 28 as investors weighed up comments by Deputy Prime Minister Mehmet Şimşek and Central Bank Governor Murat Çetinkaya after last week's emergency 300 basis point interest rate hike.

The Turkish Lira has slid to a fresh historic low of 4.64 against the dollar following a statement from the credit rating agency Fitch on May 22.