Trends - Turkish lira - Business Recorder

Markets

Turkiye central bank targets 50% lira deposits in banks in 2024

ISTANBUL: Turkiye central bank said on Friday it aims to increase the share of Turkish lira deposits to 50% in the...

Published 29 Dec, 2023 12:29pm

Markets

Turkish lira marks new low after 36% drop this year

ISTANBUL: The Turkish lira weakened to a record low of 29.4 against the dollar on Wednesday, bringing its losses in...

Published 27 Dec, 2023 05:18pm

World

Rise in Turkish inflation temporary: Erdogan

ISTANBUL: Turkey's President Tayyip Erdogan said on Monday the rise in inflation is temporary and the government is...

Published 21 Aug, 2023 10:33pm

Markets

Turkish lira hits record low ahead of rate decision

ISTANBUL: The Turkish lira weakened more than 2% to a fresh record low against the dollar on Tuesday over market...

Updated 18 Jul, 2023 02:00pm

Markets

Turkish lira flat after touching record low, central bank reserves up

ISTANBUL: Turkiye lira was mostly flat on Tuesday, after touching a new record low overnight, while bankers said the...

Published 27 Jun, 2023 02:38pm

Markets

Turkey’s lira hits fresh record lows after rate hike

ISTANBUL: The Turkish lira weakened as much as 2.8% to a fresh record low early on Friday, extending losses as the...

Published 23 Jun, 2023 11:11am

Markets

Asia shares near month high ahead of central bank meetings

SINGAPORE: Asian shares started tentatively on Monday as investors braced for central bank meetings from Europe,...

Published 12 Jun, 2023 09:43am

Markets

Turkiye lira hits new record low, policy moves awaited

ANKARA: The Turkish lira slipped to a new record low on Monday as investors waited for indications on policy moves...

Updated 12 Jun, 2023 01:58pm

Markets

Turkish lira touches record low near 23.4 overnight

ISTANBUL: Turkiye lira weakened 0.8% to a record low on Thursday, extending its sharp drop from the previous...

Published 08 Jun, 2023 10:32am

Markets

Turkish lira down 7% in biggest selloff since 2021 crisis

ANKARA: Turkiye lira plunged 7% to a record low on Wednesday in its biggest daily selloff since a historic 2021...

Updated 07 Jun, 2023 12:57pm

Markets

Turkish lira hits new low as Erdogan selects cabinet

ISTANBUL: Turkey’s lira weakened more than 1% to a fresh record low on Tuesday as President Tayyip Erdogan, having...

Published 30 May, 2023 12:42pm

Business & Finance

Turkish lira hits record low, stocks gain after Erdogan re-election

LONDON/GDANSK: Turkey’s lira hit fresh record lows against the dollar on Monday, though stocks rallied, after...

Published 30 May, 2023 03:37am

Markets

Turkish lira’s long decline a symbol of strife

LONDON/ANKARA: As Turkey’s lira hit a record low ahead of the country’s election decider on Sunday, the currency is...

Published 28 May, 2023 12:21pm

Markets

Turkish lira nears record low of 20 vs dollar ahead of election runoff

ISTANBUL: The Turkish lira weakened to a record low just off 20 against the dollar on Friday ahead of this weekend’s...

Published 26 May, 2023 09:26am

Business & Finance

US dollar falls from five-week high

NEW YORK: The dollar slid from a five-week high on Monday, pressured by a weak manufacturing index in New York state...

Published 16 May, 2023 03:23am

Markets

Turkey central bank gross reserves seen down $5bn last week -bankers

ANKARA: Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116...

Published 25 Apr, 2023 12:39pm

Markets

Turkish lira at record low near 19 to the dollar

ANKARA: Turkey’s lira weakened to a fresh record low of 18.9525 against the dollar on Thursday, as economists weigh...

Published 09 Mar, 2023 03:00pm

Markets

Turks’ forex holdings drop to $194.44bn

ISTANBUL: Turkish locals’ forex and gold holdings dropped $5.04 billion in the week to Dec 23 when adjusted for the...

Published 29 Dec, 2022 05:31pm

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 central bank revises securities maintenance ratio to 5%

ISTANBUL: The Turkish Central Bank said on Tuesday it revised the securities maintenance ratio to 5% from 3% and...

Published 18 Oct, 2022 10:14am

Markets

Turkish lira flat after shock rate cut weakening

ISTANBUL: The Turkish lira was steady against the U.S dollar on Friday after nearing record lows in the previous...

Published 19 Aug, 2022 10:25am

Markets

Turkish lira leads losses after rate cut

The Turkish lira led losses among emerging market currencies on Thursday after the country’s central bank delivered...

Published 18 Aug, 2022 07:42pm

Business & Finance

Turkish lira falls

ANKARA: Turkey’s lira extended its recent losses on Thursday, weakening as far as 17.50, as the dollar’s broad...

Published 15 Jul, 2022 06:20am

Markets

Turkish lira surges 6% against dollar after lending curbs

ISTANBUL: The Turkish lira rallied as much as 6% against the dollar on Monday after Turkey moved to restrict lira...

Updated 27 Jun, 2022 11:29am

Business & Finance

Turkish central bank’s net FX reserve fall to $8.15bn

ISTANBUL: The Turkish central bank’s net international reserves fell some $2.37 billion to $8.15 billion in the week...

Published 16 Jun, 2022 05:10pm

Markets

Turkish lira weakens slightly after volatile overnight trade

ISTANBUL: The Turkish lira traded slightly weaker on Friday, having given up late gains the previous evening after...

Published 10 Jun, 2022 09:55am

Business & Finance

Turkish central bank’s net FX reserve rise to $12.19bn

ISTANBUL: The Turkish central bank’s net international reserves rose some $2.63 billion to $12.19 billion in the...

Published 02 Jun, 2022 05:46pm

Markets

Turkey’s recurring currency nightmare strikes again

LONDON: Another 9% plunge in Turkey’s lira this month and debt market danger gauges at levels last seen during the...

Published 30 May, 2022 12:51pm

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

Markets

Dollar falls for first week in seven amid US yield retreat

TOKYO: The US dollar headed for its worst week since early February against major peers on Friday, weighed down by a...

Published 20 May, 2022 09:38am