Category: Economy
The Turkish lira hit new lows on Thursday as Turkey continues to face economic uncertainty with the lira continuing to fall and inflation rising. With a continued lack of foreign investment and tourism levels down ...
ANKARA: On Thursday, two years after the historic currency crisis of August 2018, the Turkish lira hit a new record low against the US dollar and the euro despite the months-long failed interventions of state banks ...
Aug 6, 2020 Turkey’s Central Bank said today that it was ready to use “all available instruments” to reduce market volatility as the Turkish lira slid to record lows against the dollar and the euro. ...
Aug 5, 2020 ISTANBUL – Following months of relative stability, Turkey’s currency is once again volatile as the lira fell 2% against the dollar Wednesday. The Turkish lira was trading at 7.04 per dollar at 6 p.m. ...
(Bloomberg) — The cost of borrowing Turkish liras overnight in the offshore market surged to the highest level since March 2019 after heavy interventions late last week drained the supply of local currency. The overnight ...
Controlled macroeconomic policy experiments are rare. Yet that is what President Recep Erdogan seems to be offering in Turkey with his highly unconventional economic policies. He might help us better understand how macroeconomics works but ...
Still reeling from the aftermath of the currency crisis in summer 2018, Turkish corporations are poorly positioned to weather a fresh storm caused by the coronavirus pandemic, according to market participants polled by Debtwire. “The next wave of ...
(Reuters) – Turkish assets took another hit on Thursday as the lira weakened for a fourth straight day in choppy trade, and dollar bonds tumbled amid lingering worries over depleted FX reserves and costly state ...
By Akin Nazli in Belgrade July 29, 2020 A Turkish canned food and sandwich maker’s plans to maintain production by keeping all workers under a coronavirus (COVID-19) quarantine on its premises for 14 days amount to ...
Liability mismatch in Turkey puts foreign banks in focus, watch emerging market bond indexes, analysts say Investors outside of Turkey need to pay attention to the recent plunge in its currency to an all-time low ...