Turkish lira

Turkish Airlines increased its net profits by 66 percent in the second quarter of the year from the same period of 2014, to 662 million Turkish Liras. 

The company's net profits thus increased to 1.04 billion liras in the first half of the year. 

The lira's weekly losses against the dollar reached almost 4 percent on July 24 as Turkish air strikes on Islamic State of Syria and the Levant (ISIL) insurgents in Syria and nationwide police raids on militants fuelled investor concerns about Turkey's security risks.

The International Finance Corporation (IFC) said on June 22 it has introduced an innovative financial instrument to expand the availability of Turkish Lira financing for private enterprises in Turkey.

The IFC, a member of the World Bank Group, has become the first multilateral institution to issue lira-denominated discount notes.

The volatility of the Turkish Lira is the major factor in the low levels of consumer confidence in Turkey, according to economists speaking to Anadolu Agency.

In 2010, the Turkish Statistical Institute?s Index of Consumer Confidence was at about 80. The index runs from 1 to 200, with readings below 100 indicating relative pessimism.

The Turkish lira traded near a record lows on June 8 as nervous investors reacted to the prospects of a minority or coalition government after the ruling Justice and Development Party (AKP) failed to win a majority in a parliamentary election.

The Turkish Lira slipped to 2.7 to the dollar on June 4 as the U.S. currency gained globally, while concerns that the parliamentary elections might result in a coalition government continued to weigh on sentiment.

A Turkish designer, Orhan Okay, has re-designed the Turkish Lira with a 'different touch.' Here are the banknotes.

The Turkish currency fell for the eighth consecutive day on June 1, down around 0.8 percent against the U.S. dollar to 2.68.

The Turkish Lira has fallen around 5 percent against the dollar since mid-May, amid rising uncertainties ahead of the general election on 7 June and a drop in the value of the euro amid the ongoing Greek crisis. 

As your friendly neighborhood economist, I get many questions on currencies. Where do I see the euro in a week or month? When would be a good time to exit the lira? As much as I believe in the age-old saying ?the customer is king,? I refuse to answer such queries.

Turkish logistics firm Netlog is looking to sell a stake to an investor to help to expand its business, which already has distribution warehouses in Europe, the Middle East and North Africa after a string of acquisitions.