Turkey’s 2022 budget deficit 139bn lira ISTANBUL: The Turkish budget deficit was 139.1 billion lira ($7.4 billion) last year and its ratio to gross domestic... Published 16 Jan, 2023 01:37pm
Business & Finance Turkish lira steps back from record low against dollar ISTANBUL: Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday during low... Published 27 Dec, 2022 06:07am
Markets Turkish lira weakens to record low of 18.7 against dollar ANKARA: Turkey’s lira weakened to a fresh record low of 18.7 against the dollar on Friday, extending its losses this... Published 23 Dec, 2022 02:30pm
Pakistan Customs foils bid to smuggle foreign currency KARACHI: The Collectorate of Customs, Karachi airport, on Monday foiled an attempt to smuggle a substantial amount ... Published 20 Dec, 2022 05:58am
Business & Finance Turkish Sept budget deficit 78.63bn lira ANKARA: The Turkish central government budget showed a deficit of 78.63 billion lira ($4.23 billion) in September,... Published 17 Oct, 2022 02:27pm
Business & Finance Turkish inflation seen nearing 85% in September, around 72% at year-end ISTANBUL: Turkey’s annual inflation is expected to climb near 85% in September and it was seen declining only to 72%... Published 03 Oct, 2022 11:29am
Business & Finance Turkish central bank stuns markets again with 100 basis-point rate cut, lira hits new low ISTANBUL: Turkey's central bank delivered another surprise 100 basis-point rate cut on Thursday, sending the lira... Published 22 Sep, 2022 07:03pm
Markets Turkish central bank raises forex to lira conversion requirements for banks ISTANBUL: Turkey’s central bank raised the minimum percentage of foreign exchange deposits that banks need to... Published 31 Aug, 2022 11:47am
Markets Turkish budget records 64bn lira deficit in July ANKARA: The Turkish government’s central budget recorded a deficit of 64 billion lira ($3.56 billion) in July, data... Published 15 Aug, 2022 01:25pm
Markets Turkey’s lira weakens 1% further as policy concerns revive ISTANBUL: The Turkish lira slid again on Wednesday, extending its losing run to a week due to underlying dollar... Published 06 Jul, 2022 01:16pm
Markets Turkey’s lira falls beyond 16.3 vs dollar as FX need grows ANKARA: Turkey’s lira slid beyond 16.35 against the dollar on Wednesday to its weakest level since the depths of a... Published 25 May, 2022 06:06pm
Business & Finance Turkey tweaks bank trading guidelines as lira slips ISTANBUL: Turkish authorities asked banks to carry out foreign exchange transactions with corporate clients between... Published 11 May, 2022 04:58am
Markets Turkey’s protection scheme helped cut FX deposits, says Treasury ANKARA: The share of hard currency deposits in Turkey’s banking system has fallen more than 10 percentage points... Published 24 Mar, 2022 05:36am
Business & Finance Lira at December lows ISTANBUL: The Turkish lira slid for an eighth consecutive session on Thursday on concerns about the impact of the... Published 11 Mar, 2022 05:12am
Markets Turkish lira slides again as Ukraine conflict weighs ISTANBUL: The Turkish lira weakened 0.5% on Tuesday and was down a sixth straight session due to Russia’s invasion... Published 08 Mar, 2022 01:22pm
Business & Finance With weak lira, Turkey woos foreign firms ISTANBUL: There is a silver lining to Turkey's currency crisis and the global supply chain crunch: The country is... Published 20 Feb, 2022 11:40am
Markets Turkey gets $3bn in first dollar debt sale since lira crash DUBAI: Turkey sold $3 billion in Islamic bonds on Wednesday, in its first U.S. dollar-denominated debt sale since... Published 16 Feb, 2022 09:57pm
Business & Finance Turkish cenbank’s net FX reserves surge to $16.33bn ISTANBUL: The Turkish central bank’s net international reserves leapt $5.8 billion last week to $16.33 billion as... Published 11 Feb, 2022 04:31am
Markets Turkey pitches its unorthodox policy to London investors ANKARA: The lira weakened on Tuesday as Finance Minister Nureddin Nebati pitched Turkey's unorthodox economic policy... Published 08 Feb, 2022 01:25pm
Business & Finance Turkey's inflation surges to two-decade high of 48.7% ISTANBUL: Turkey's annual inflation jumped to a 20-year high of 48.69% in January, a bit more than expected ... Published 03 Feb, 2022 01:11pm
Markets Turkish central bank to determine maximum interest rate on converted lira deposits ISTANBUL: Turkish central bank will determine the maximum interest rate on foreign currency and gold deposit ... Published 01 Feb, 2022 10:02am
Markets Turkey keeps lira in check with low-key interventions ANKARA: Turkey's central bank has scaled back its currency interventions in January but still spent as much as $1... Published 31 Jan, 2022 11:09am
Business & Finance Turkey keeps lira in check with low-key interventions ANKARA: Turkey’s central bank has scaled back its currency interventions in January but still spent as much as $1... Published 31 Jan, 2022 07:10am
Markets Turkey central bank working to build FX reserves, governor says ISTANBUL: Turkey's central bank governor said efforts were continuing to build up foreign exchange reserves, after a... Published 27 Jan, 2022 03:37pm
Markets Turkey's steps to calm lira crisis, bolster FX reserves ISTANBUL: Responding to an exchange rate crisis and spiralling inflation, Turkey's government has implemented a... Published 27 Jan, 2022 02:37pm
Markets Turkey passes law exempting converted lira deposits from corporate tax ISTANBUL: Turkey's parliament approved a law late on Thursday under which lira deposits converted from foreign... Published 21 Jan, 2022 03:30pm
Markets Turkey strikes currency swap deal with UAE as ties warm ISTANBUL: Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in... Published 19 Jan, 2022 02:41pm
Markets Turkish lira weakens nearly 3%, giving up Wednesday's gains The lira stood at 13.5525 against the dollar at 0727 GMT, down from a close of 13.2890 the previous day Published 13 Jan, 2022 02:06pm
Markets Turkish lira holds firm after wild ride; World Bank cuts growth view ISTANBUL: Turkey's lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge last month, as... Published 12 Jan, 2022 02:48pm
Business & Finance Turkish lira up slightly ISTANBUL: Turkey’s lira gained in early trade on Monday, reversing some of last week’s losses as government... Published 11 Jan, 2022 06:33am