Turkish lira

Without CBRT intervention, USD/TL could be 27 Instead of 32Without CBRT intervention, USD/TL could be 27 Instead of 32

Without CBRT intervention, USD/TL could be 27 Instead of 32

The Central Bank of Republic of Türkiye (CBRT) which sold foreign currency from its reserves to prevent the US dollar…

1 year ago
Turkish disinflation tested by currency pressure: 38 percentTurkish disinflation tested by currency pressure: 38 percent

Turkish disinflation tested by currency pressure: 38 percent

The Turkish Statistical Institute (TurkStat) on July 5 announced a further deceleration in the skyrocketing inflation hike in the country…

2 years ago
Erdoğan: interest rates may go up but my policy remains sameErdoğan: interest rates may go up but my policy remains same

Erdoğan: interest rates may go up but my policy remains same

Turkish President Recep Tayyip Erdoğan said that the appointment of Mehmet Şimşek as Treasury Minister should not be contemplated as…

2 years ago
Why does Turkish Lira keep crashing?Why does Turkish Lira keep crashing?

Why does Turkish Lira keep crashing?

With the noticeable move to loosen government controls on foreign currency, combined with some uncertainty, the Turkish lira tumbled to…

2 years ago
Turkish Lira declines against US Dollar to a new recordTurkish Lira declines against US Dollar to a new record

Turkish Lira declines against US Dollar to a new record

The Turkish Lira (TRY) depreciated further against the US Dollar and reached the psychological limit of 18 liras, and closed…

3 years ago