Turkish Central Bank to work on simulations for digital lira to assess its impact, while work is underway on determining ...

A currency crisis here is battering Turks’ confidence in their government’s ability to manage the economy, causing droves of people to buy U.S. dollars and sending crowds of people into the streets to ...

Households and corporations 'have largely maintained their preference for Turkish lira assets,' the central bank said in a ...

Shoppers from Bulgaria and Greece have flooded into Turkey to go on shopping sprees due to the country's declining lira currency. Turkey is currently in economic crisis, as inflation has climbed to ...

ANKARA, Nov 11 (Reuters) - Turkey's central bank has put the finishing touches to a reserve-management system that has stabilised the lira currency ahead of elections in 2023, thanks to nearly 100 new ...

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Turkish President Tayyip Erdogan said on Wednesday he will continue his battle against interest rates "to the end", sending the lira currency to new depths a day before the central bank is expected to ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...

Turkish stocks and the lira fell Tuesday in the wake of a deadly 7.8 earthquake on Monday. Turkey's President Erdogan declared a state of emergency in areas hard hit by the natural disaster. Sharp ...

The Central Bank has cut interest rates, even as inflation continues to soar, deepening President Erdogan’s disputed economic plan and setting off a new plunge in the lira. By Carlotta Gall ISTANBUL — ...

ANKARA, Dec 20 (Reuters) - Turkey's lira ended the session up over 20% on Monday after President Tayyip Erdogan introduced a series of steps that he said will ease the burden of the weakened currency ...

Turkey’s lira snapped a five-day rally, challenging government assurances that it’s on a more stable footing after measures were introduced a week ago to stem its collapse. The currency slipped 7.2% ...