Monday, January 17th, 2022

Tag: lira

Turkish lira swings wildly as Erdogan’s big gamble continues

Erdogan said the government would try to protect Turkish savers worried about the tumbling value of their nest eggs by compensating them for the impact of the depreciation of the lira on their deposits....

Turkish lira slides after Erdogan doubles down on rates policy

Turkish Lira stock photo herkisi The Turkish lira slid to a near record low on Tuesday after fresh statements from Turkish President Recep Tayyip Erdogan opposing any interest rate increases. The currency hit a...

Mark Mobius on weaker Turkish lira, investing in emerging markets

Turkey may not be the only country facing a currency crisis given the prospects of higher interest rates in the U.S., prominent emerging markets investor Mark Mobius said Tuesday. “Yeah, course it can,” Mobius...

Turkish lira plummets to historic low after Erdogan sparks selloff

Turkish President Recep Tayyip Erdogan attends a news conference in Budapest, Hungary, November 7, 2019. Bernadett Szabo | Reuters Turkey’s lira dropped to another record low of 12.49 to the dollar on Tuesday, a...

Turkish lira falls before central bank meeting

Turkish Lira Mehmet Kalkan The Turkish lira on Thursday continued its slide ahead of the country’s central bank meeting. The currency fell to a record low of 10.98 against the dollar, but pared some...