United States dollar

October morale boost in local currencies against the dollar

Within the framework of the U.S. Federal Reserve's (the Fed) normalization process, the uncertainty on when the first rate hike will happen is continuing, thus allowing several local currencies, including the Turkish Lira, to catch their breaths and take a break in their losses during the month of October. 

Greenback breaks new record against lira during holiday

The markets in Turkey are closed due to the ongoing Eid al-Adha holiday, but the U.S. dollar's rise against the Turkish Lira continued for another day on Sept. 24, breaking a historic record at 3.0738 liras per dollar as the forex trade continued at the international markets.

The holiday in Turkey started Sept. 23 in the afternoon. 

ISIS ‘pseudo-Caliphate’ releases new currency in propaganda video (pics+vid)

ISIS released pictures of their new gold dinar coins; the silver dirham and copper fulus claiming their goal was to break the capitalist world! The irony is that the brutal Islamist terrorist state still pay their jihadist murderers in US dollars! The currency will hold value only within the ‘borders’ of the pseudo caliphate state, as ISIS is a terrorist group.

Turkish, European airlines face serious problems due to sharp rise in US dollar: Pegasus CFO

The only remedy for struggling Turkish airliners, which have not benefited from the drop in oil prices due to existing hedging deals with fuel companies, amid the dramatic rise in the U.S. dollar is to sell tickets in the same currency, according to low-cost carrier Pegasus Airlines' Chief Financial Officer (CFO) Serhan Ulga. 

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