Turkish banks shift Russia-related transactions to local bank
Almost all Turkish banks are withdrawing from handling transactions related to Russia and Belarus, opting to…
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Turkish Lira
Turkish Isbank expects interest rate cuts in Nov.
Turkey's largest private bank, Isbank, foresees continued challenges in the banking sector until 2025 due to the…
Turkey’s c. bank stops currency support
Turkey's central bank has discontinued another measure aimed at supporting the lira, a move that has faced…
Turkish Lira dips to record low post-election
The Turkish lira fell to a record low of 32.4328 per dollar, a 0.2 per cent drop, following a surprising defeat for…
Turkey to reconsider rate hike
Turkey is reconsidering an interest rate hike, just two months after ending its tightening cycle amid strong demand…
Türkiye resorts on $7bln reserve to keep Lira steady
Turkish central bank resorts to $7 billion worth of reserves during the past two weeks, in a way to stabilize the…
Türkiye’s Swiss gold imports rise in 11-year high
Turkish Swiss gold import has increased to reach 58 tons, recording the highest since at least 2012 in January as…
Turkey’s lira hits record low after massive earthquake
Turkey’s Lira hit a new record low on Monday early trade as the exchange rate fell to 18,85 against the dollar,…
Turkey replaces central bank head as lira sees record lows
Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a…
Lira soars after Turkish central bank hikes rates in a bid to save tumbling currency
The Central Bank of Turkey hiked its benchmark interest rate on Thursday to 24 percent, an increase of 625 basis…
