Turkey’s currency hit an all-time low this week, while the central bank’s net reserves marked their largest rise on record as it stopped supporting the lira. The lira reached a record low
Turkiye President Recep Tayyip Erdoğan’s re-election will likely lead to a continuation of unorthodox economic policies and the central bank’s (CBRT) extraordinarily loose monetary policy, argues Moody’s analysis. The policy stance has
The Turkish Lira dived against the dollar this week as the Turkish state took control following the conviction of Istanbul’s Mayor, the biggest threat to President Recep Tayyip Erdogan’s 2023 re-election. The
The Turkish lira remains volatile as traders digested measures proposed by President Tayyip Erdogan and the Turkish central bank to guard local currency savings against the drop in value. On Tuesday, the
The Turkish Lira has reached another record low, as President Recep Tayyip Erdogan refers to Islamic usury doctrine to defend his insistence on his unorthodox low-rates policy. The currency, which has lost
Turkish Cypriots are eyeing a transition to the euro as the tumbling Turkish Lira is destroying their economy as they see their earnings vanish while inflation spirals. As prices for essential goods
The tumbling Turkish Lira is taking the Turkish Cypriot economy along with it, as the community sees inflation send prices for essential goods through the roof. The Lira has been breaking unwanted
History taught us that nobody is bigger than the market, except John Pierpont (JP) Morgan a century ago in New York through the Gilded Age and industrial consolidation. Now Turkish President Recep
Turkey’s President Recep Tayyip Erdogan’s latest spat with the West has given another push to the country’s declining currency, as it kicked off another week with an all-time low record. The lira
Motorists are queuing up outside petrol stations in the Turkish occupied north, as a fuel crisis is brewing following the collapse of the Turkish lira. Turkish Cypriot media reported long queues of
