Turkish lira revived by Erdogan’s support

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

New low for shaky Turkish Lira

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

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Turkish Cypriots eye euro as lira crumbles

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

Turkish lira tumbles as diplomats expelled

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

Turkish lira at historical low

Turkey’s lira started the week at an all-time low against the dollar and the euro, with uncertainty looming over further interest rate cuts, as President Recep Tayyip Erdogan dismisses three central bank

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Turkish Cypriots heading for early elections

The ruling coalition in the Turkish occupied north of the island tendered its resignation on Wednesday, with the Turkish Cypriot community heading for an early election after three years. On Wednesday, the

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