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Turkey shocks with big rate hike to 25%, boosting lira

Turkey's central bank hiked its key interest rate by a larger-than-expected 750 basis points to 25% on Thursday, sparking a rare lira rally and...

Turkish lira flat after touching record low

Turkey's lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the central bank's net reserves had marked...

Turkish lira hits new dollar low after election

ISTANBUL: The Turkish lira sank to a new low against the dollar on Wednesday, more than a week after the re-election of President Recep...

Turkish lira holds firm after wild ride

Turkey's lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge last month, as analysts predicted inflation would soar as...

Erdogan calls on Turks to keep all savings in lira

President Tayyip Erdogan said on Friday that Turks should keep all their savings in lira and that recent exchange rate volatility was largely under...

Turkey’s lira slides 5%; central bank says it will monitor forex risks

ISTANBUL: Turkey's lira weakened for the third consecutive day on Wednesday, tumbling 5.6% and eating further into the huge gains made the previous week,...

Turkish lira caps historic week with big lift

Turkey's lira was on track for its strongest week on record on Friday, having spiked more than 50% with the support of billions of...

Turkish lira rockets back from record low after Erdogan move

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings...

Turkey’s lira plummets to new low

The Turkish lira crashed as much as 7% to a new record near 15 to the dollar on Monday, gripped by worries over President...

Turkish lira rebounds from record low

Turkey's lira recovered as much as 7% on Wednesday after a historic slide to record lows a day earlier triggered by President Tayyip Erdogan's...

Turkish lira nears record low

The currency , among the worst performers in emerging markets this year, weakened as much as 0.6% to 8.48 versus the dollar

Erdogan ousts central bank governor as Turkish lira slides

Erdogan ousts central bank governor as Turkish lira slides

Turkey cuts investment criteria for foreigners seeking citizenship

Turkey made it easier for foreigners to become Turkish citizens by cutting the financial and investment criteria required for citizenship.

Turkey hikes gas, power prices by 14pc as lira crisis deepens

ANKARA: Turkey raised natural gas prices on Saturday by as much as 14 per cent, two sources said, while the energy regulator announced a...

Turkey lira hits two-week low after Moody’s downgrades

The Turkish lira tumbled on Wednesday to its lowest value against the US dollar in two weeks, despite Ankara's attempts to reassure investors after Moody's downgraded its credit ratings.

Turkey says US trade sanctions could destabilise region; lira slide continues

ISTANBUL: Turkey warned on Monday that US trade sanctions against it could destabilise the Middle East and ultimately bolster terrorism and the refugee crisis,...

Erdogan tells Turks to buy plunging lira as Trump turns the screws

ISTANBUL/ANKARA: President Tayyip Erdogan told Turks on Friday to exchange their gold and dollars into lira, with the currency in free fall as President...

Turkish lira hits record low, down 20 percent against dollar

ISTANBUL: The Turkish lira tumbled more than 5 percent on Wednesday before recovering some ground, the latest drop in a sell-off that reflects growing...

Erdogan wants trade with Russia, China in local currencies

ANKARA: Turkish President Recep Tayyip Erdogan said his country was moving towards allowing trade with Russia, China and Iran to be conducted in local...

Turkish TV show fined over 'dance with a stranger' stunt

ISTANBUL: Turkey's television regulator has handed a record fine to a popular game show for a segment where husbands were filmed dancing with other women as their wives looked on, reports said Sunday.

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