Turkish president’s main rival is arrested. The lira is crashing.
The Turkish lira weakened sharply to a record low against the U.S. dollar and the Istanbul stock market dived after the main ...
USD/TRY: The $12 billion reason why the Turkish lira is surging
Explore why the Turkish lira has surged days after the USD/TRY exchange rate soared to a record high earlier this week ...
The Economist2d
Turkey’s anti-democratic crackdown is damaging its economy
But there is no calm to be seen on the streets of Turkey’s biggest city. Protests have continued for six days in a row, ...
Turkish Lira’s Slump Creates Headache for Central Bank
The Turkish lira’s sharp fall on news that Turkish President Recep Tayyip Erdogan’s key rival was arrested will complicate ...
Turkish Stocks and Lira Tumble After Istanbul Mayor Detained
Turkish assets fell sharply Wednesday, after police detained Istanbul mayor Ekrem Imamoglu, a rival of President Recep Tayyip ...
Istanbul mayor Imamoglu is arrested. Turkish lira plunges to record low
Turkey's lira tumbled to a record low of 42 per dollar before recouping most of the day's losses on Wednesday, while bonds ...
Turkish stock market down, lira falls to record low as Erdogan's rival, Istanbul mayor arrested
The Turkish lira tumbled to a record low against the U.S. dollar, while Turkey's benchmark index dropped up to 7% following ...
Turkish cenbank sells record amount of FX after lira plunges, bankers say
Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more than 12% following ...