Maltese lira

Turkish Lira weakens to record low on dollar strength

The Turkish Lira slipped to a historic low against the U.S. dollar as anticipation of a rate hike from the Federal Reserve saw the American currency appreciate across the globe on Oct. 28 

Analysts also link the negative trend to escalating political concerns, as hostilities in Syria and Iraq increase. 

The lira dipped to 3.1270 against the U.S. dollar at 08.30 GMT.

Turkish currency weakens after presidential aide says currency justifies rate cut

Turkey's lira weakened on April 8 after a presidential aide said its level justified an interest rate cut, increasing the political pressure on the central bank to cut rates.

Cemil Ertem told state broadcaster TRT Haber that the Turkish Lira, still not far off a record low hit last year, was in a "strong position" against the U.S. dollar.

Turkish lira subdued after Istanbul blast as global markets edge up

The Turkish lira lagged an emerging market recovery on Jan. 12, staying under pressure after a deadly bomb blast in central Istanbul rattled investors but failed to cause sharp losses.

The lira briefly dipped to 3.0488 per dollar, its lowest since September after news broke of the suicide bombing in Turkey's biggest city, which killed at least 10 people.

Yogi Berra on the Turkish economy

I learned the basics of America?s favorite pastime only when the Red Sox were on their way to break the Bambino?s curse in 2004. Therefore, I won?t hold it against you if you have never heard of Yogi Berra.

However, the baseball great, who passed away on Sept. 22, was famous for his ?wise? sayings, some of which apply to the Turkish economy really well.

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