Lira

Turkey's currency slides after Erdogan takes aim at its central bank for hiking rates

Turkey's currency slides after Erdogan takes aim at its central bank for hiking rates

1 month ago   |   Business Insider

REUTERS/Umit Bektas Turkey's central bank raised its benchmark interest rate sharply Thursday. The Turkish lira rallied briefly, but fell after President Recep Tayyip Erdogan...
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The lira is going wild after the Turkish central bank defied Erdogan and hiked interest rates

The lira is going wild after the Turkish central bank defied Erdogan and hiked interest rates

1 month ago   |   Business Insider   |   3 articles

Petros Karadjias/AP Images Turkey's central bank raised the interest rate from 17.75% to 24% on Thursday, beating market forecasts. Earlier in the day, Turkish President...
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The Turkish lira dives after Erdogan calls for lower interest rates - stoking fears about central bank independence

The Turkish lira dives after Erdogan calls for lower interest rates - stoking fears about central bank independence

1 month ago   |   Business Insider   |   3 articles

REUTERS/Umit Bektas Turkish President Recep Erdogan on Thursday said interest rates are a "tool of exploitation" and called for low interest rates. The Turkish central bank...
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The Turkish lira plunges after report says central bank deputy governor will resign

The Turkish lira plunges after report says central bank deputy governor will resign

1 month ago   |   Business Insider   |   2 articles

Matt Dunham - WPA Pool/Getty Images The Turkish lira was down as much as 5% against the dollar Thursday after a report said the deputy governor of its central bank would...
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10 things you need to know before the opening bell

10 things you need to know before the opening bell

1 month ago   |   Business Insider   |   3 articles

Reuters/Chris Wattie Here is what you need to know. The Turkish lira is diving after Moody's warned the worst was yet to come for the country's banks. The lira was down about...
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10 things you need to know before the opening bell

10 things you need to know before the opening bell

1 month ago   |   Business Insider   |   3 articles

Here is what you need to know. The Turkish lira is diving after Moody's warned the worst is yet to come for the country's banks. The lira was down about 2% at 6.4035 per dollar...
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The Turkish lira is diving after Moody's warned the worst is yet to come for the country's banks

The Turkish lira is diving after Moody's warned the worst is yet to come for the country's banks

1 month ago   |   Business Insider   |   3 articles

Markets Insider Turkish lira slumps once again after Moody's downgrades 20 financial institutions. The currency had stabilized after its huge slump earlier in August, but is...
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Turkey's currency plunges amid ongoing feud between Washington and Ankara

Turkey's currency plunges amid ongoing feud between Washington and Ankara

1 month ago   |   Business Insider

Evan Vucci/AP The lira fell 3.5% early Monday. It has shed nearly a third of its value this month. Watch the lira trade in real time here. Turkey's currency fell sharply Monday...
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Turkey's president plans to reform the Lira - but the current strategy will probably just cause more chaos

Turkey's president plans to reform the Lira - but the current strategy will probably just cause more chaos

1 month ago   |   Business Insider

Business Insider Stringer/Reuters President Recep Tayyip Erdogan called on the people of Turkey to "save the honor of the Turkish lira " by selling their dollars and...
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Despite currency crisis Turkey witnesses surging tourism sector

Despite currency crisis Turkey witnesses surging tourism sector

1 month ago   |   Travel and Tour World

Tourists have flocked in droves to Turkey as a result of the sharp fall in the value of the Turkish lira following economic uncertainty and a rift with the US.
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