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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Turkish lira

Turkish lira firms for second consecutive day
Markets

Turkish lira firms for second consecutive day

  • The lira stood at 7.5320 against the US dollar at 1408 GMT, firming from Tuesday's close of 7.6300.
  • The currency had declined sharply since mid-February, hitting its lowest level since mid-December on Monday, as the yields on US bonds rose.
Published 10 Mar, 2021 07:52pm
Turkish net FX reserves climb to $13.93bn
Business & Finance

Turkish net FX reserves climb to $13.93bn

  • The exchange rate used by Reuters on Thursday was 7.1924 compared to 6.9527 the previous week.
  • The reserves plunged last year as state banks sold off an estimated total of $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.
Published 04 Mar, 2021 05:59pm
Turkish lira weakens 1.5pc against dollar
Markets

Turkish lira weakens 1.5pc against dollar

  • The lira weakened as far as 7.4540 against the US currency from a close of 7.3425 on Tuesday and stood at 7.4320 at 1400 GMT. After strong gains until mid-February, the lira has retreated back to end-2020 levels.
Published 03 Mar, 2021 07:44pm
Turks' FX holdings dip to $235bn, still near record
Markets

Turks' FX holdings dip to $235bn, still near record

  • When adjusted with the parity effect, the data showed the hard currency holdings fell by only $27 million in the period.
  • The central bank is watching keenly for a reversal in this dollarization trend before it starts rebuilding its depleted FX reserves.
Published 25 Feb, 2021 05:44pm
Turks' FX holdings drop $2.1bn, easing further from record
Markets

Turks' FX holdings drop $2.1bn, easing further from record

  • The holdings stood at $235.06 billion a week earlier and reached a record above $236 billion earlier in January.
  • foreign investors bought $140.5 million worth of Turkish government bonds in the week to Feb. 5, and sold $183.2 million worth of stocks.
Updated 11 Feb, 2021 09:26pm
Turkish lira rallies to strongest level since September
Markets

Turkish lira rallies to strongest level since September

  • The lira rose as high as 7.4100 against the US currency in thin trade due to end-of-year holidays. Last Thursday, the central bank raised its one-week repo rate to 17% from 15%.
  • The lira stood at 7.4425, still 20% weaker than at the end of last year.
Published 28 Dec, 2020 05:39pm