Turkish Lira Archives - Page 2 of 2

Turkish Lira plunge felt in Japan

By Hussein Sayed, Chief Market Strategist at FXTM Turkey has returned to financial market headlines following President Erdogan’s decision to fire the country’s hawkish central bank head on Saturday. The Turkish Lira

22nd March 2021

Markets/World

Turkish lira rallies on Erdogan’s promises – but can he stick to reforms?

Enjoying a 12% rally since hitting a record low two weeks ago, the Turkish lira is now caught in a tug of war between foreign investors on the one hand, who cheered

28th November 2020

Markets/World

Turkish Lira crashes to lowest point

The Turkish Lira hit an unprecedented low against the euro during the week with ECB reporting a closing price of one euro to 8.90 Turkish Lira while trading platform xe.com recorded a

19th September 2020

Markets

Moody’s Turkish downgrades continue, covered bonds cut after 13 banks

Moody’s has cut the covered bonds issued by five Turkish banks by one notch, following successive downgrades of 13 banks on Tuesday and Turkey’s sovereign last Friday, warning of possible balance-of-payments crisis

17th September 2020

World

Turkish Cypriot economy squeezed as Lira collapses

Economists in the north fear that Turkish Cypriots will face the full brunt of the Turkish Lira’s collapse, as their overdependence on imports and funding from Ankara leaves no room to set

1st August 2020

Cyprus/Economy/World

Turkish Cypriot economy crushed under collapsing Lira

Turkish Cypriots are being crushed under the weight of a collapsing Turkish Lira, as it continues to lose ground falling to an all-time low on Wednesday, with the Euro being traded at

29th July 2020

Cyprus/Economy/World