Turkish inflation near 62pc, highest this year Published 05 Dec, 2023 03:01am ISTANBUL: Turkey’s annual inflation rate edged up to 61.98% in November, data showed on Monday, just shy of...
Monetary-fiscal history of Latin America: lessons for Pakistan Published 06 Mar, 2023 06:43am Pakistan today suffers from significant macroeconomic instability, high inflation, a currency crisis and a risk of a...
How to deal with Pakistan’s forthcoming currency crisis Published 07 Jan, 2023 06:00am “There are no solutions. There are only trade-offs.” ? Thomas Sowell Nomura has warned that Pakistan faces currency...
BMP urges govt to ‘rescue’ economy, as currency crisis deepens Published 28 Nov, 2022 05:48am LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry has asked the...
Pakistan faces currency crisis danger: Nomura Updated 23 Nov, 2022 09:38am Nomura warns that Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary are also at a high risk of currency crises
Turkish lira weakens against dollar for fifth day Published 12 May, 2022 05:40am ISTANBUL: The Turkish lira eased a further 0.85% against the dollar on Wednesday, weakening for a fifth session and...
Turkish lira hits weakest level since mid-December Published 10 May, 2022 05:10am ISTANBUL: The Turkish lira slipped 0.8% on Monday and broke beyond 15 to the dollar for the first time since ...
Turks’ forex holdings rise to $216.73bn Published 22 Apr, 2022 05:36am ISTANBUL: Turkish locals’ foreign exchange and gold holdings rose $780 million when adjusted for the parity effect...
Turkish cbank raises mandatory exporters’ FX revenue conversion rate to 40pc Published 17 Apr, 2022 05:51am ISTANBUL: Turkey’s central bank said on Friday it raised the share of foreign currency revenues that exporters are...
Turkey’s protection scheme helped cut FX deposits, says Treasury Published 24 Mar, 2022 05:36am ANKARA: The share of hard currency deposits in Turkey’s banking system has fallen more than 10 percentage points...
Turkish cenbank’s net FX reserves surge to $16.33bn Published 11 Feb, 2022 04:31am ISTANBUL: The Turkish central bank’s net international reserves leapt $5.8 billion last week to $16.33 billion as...
Turkish central bank halts easing after currency crisis Published 20 Jan, 2022 04:33pm ISTANBUL: Turkey's central bank held its policy rate steady at 14% on Thursday, as expected, halting an easing cycle...
Turkey's inflation seen dropping to about 27% by end of 2022 Published 17 Jan, 2022 04:00pm ISTANBUL: Already rampant inflation in Turkey will rise further in the coming months before declining to around 27%...
Erdogan doubles down on low interest rates despite lira fall Published 29 Nov, 2021 05:55pm ANKARA: Turkey's President Recep Tayyip Erdogan vowed "no compromise" on low interest rates in comments published by...