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
Markets Turkish lira dips, business group chief questions policy ISTANBUL: Turkey's lira slipped as much as 1.7% on Thursday, and has shed some 22% in the last nine trading ... Published 06 Jan, 2022 02:57pm
Markets Turkish lira holds firm after slide on inflation worries The lira firmed as much as 1.3% to 13.275 in early trade but gave up most of those gains to reach 13.42 Published 05 Jan, 2022 02:21pm
Opinion The costs of Erdogan’s fight for Turkey’s ‘economic independence’ Turkey’s consumer prices have soared by the highest rate since 2002, further undermining President Recep Tayyip... Published 04 Jan, 2022 06:54am
Business & Finance Volatile Turkish lira seesaws after inflation surges ISTANBUL: Turkey’s lira briefly rallied as much as 3% on Monday afternoon, reversing an early plunge and ... Published 04 Jan, 2022 06:54am
Business & Finance Turkish inflation hits 19-year high in lira crisis ANKARA: Turkey's annual inflation rate surged to its highest level since 2002 in December, official data showed... Updated 03 Jan, 2022 02:23pm
Markets Volatile Turkish lira seesaws after inflation surges ISTANBUL: Turkey's lira briefly rallied as much as 3% on Monday afternoon, reversing an early plunge and continuing ... Updated 03 Jan, 2022 05:09pm
Business & Finance Turkish lira erodes last week’s gains ANKARA: Turkey’s lira weakened by as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding... Published 29 Dec, 2021 06:57am
Markets Turkish lira weakens, further eroding last week's gains ANKARA: Turkey's lira weakened as much as 2% on Tuesday, extending sharp losses seen a day earlier and eroding... Published 28 Dec, 2021 02:01pm
Business & Finance Turks converted 10bn lira of fx to new deposit accounts ANKARA: Turks transferred 10 billion lira ($889 million) worth of forex deposits into a new instrument the ... Published 27 Dec, 2021 06:45am
Business & Finance Turkish lira caps historic week with big lift ANKARA: Turkey’s lira was on track for its strongest week on record on Friday, having spiked more than 50% with ... Published 25 Dec, 2021 05:02am
Business & Finance Lira extends week’s rally ISTANBUL: Turkey’s lira rallied further on Thursday and was on track for its best week in two decades, boosted by ... Published 24 Dec, 2021 05:43am
Business & Finance Turkey’s president hails steps to help depositors, as lira steadies ANKARA: Measures to protect Turkish lira bank deposits from depreciation amid a currency crisis have achieved their... Published 23 Dec, 2021 04:23am
Markets Euro gains on more positive global outlook; Turkish lira holds its gains LONDON: The euro, Australian dollar and other currencies recovered against the US dollar as traders turned more... Published 22 Dec, 2021 05:38pm
Business & Finance Turkey’s cryptocurrency trades top 1m a day amid lira woes LONDON: The number of cryptocurrency trades in Turkey has surged back above one million per day as the country’s... Published 22 Dec, 2021 06:13am
Business & Finance Turkey's protection plan to target 3- to 12-month lira deposits ISTANBUL: Turkey's Finance Ministry said on Tuesday a new protection scheme meant to boost confidence in the ... Updated 21 Dec, 2021 06:32pm
Business & Finance Lira plunges again ISTANBUL: Turkey’s troubled lira nosedived after President Recep Tayyip Erdogan cited Islamic teachings to justify... Published 21 Dec, 2021 04:14am
Markets Lira crashes to new low of 20 vs euro after Erdogan comments ISTANBUL: Turkey's lira sputtered to new lows on Monday, including blowing through 20 to the euro for the first ... Updated 20 Dec, 2021 07:15pm
World Turkey's Erdogan says he lowered inflation to 4% before, will do again ANKARA: President Tayyip Erdogan said he had lowered Turkey's inflation to around 4% before and that he will achieve... Updated 19 Dec, 2021 08:47pm
Business & Finance Turkey hikes minimum wage by 50pc in face of lira crisis ANKARA: Turkey will hike its minimum wage by a massive 50% to 4,250 lira ($275.44) per month next year to address a... Published 17 Dec, 2021 04:30am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees