Tag: Lira

Turkish Lira falls below psychological barrier
FINANCE
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FINANCE
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Turkish Lira falls below psychological barrier

Panos - Sep 17, 2020

The Turkish Lira has broken the psychological exchange rate barrier of 7.5 against the US dollar, despite efforts by the country’s central to support the currency. Moody’s downgrading…

Fresh lira slide rekindles crisis fears for Turkey
DEFENCE
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DEFENCE
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Fresh lira slide rekindles crisis fears for Turkey

Panos - Jul 31, 2020

Turkey’s lira is back in the spotlight. After two months of stability, the currency is testing the 7-per-dollar threshold and tumbling to record lows versus the euro,…

Turkish lira hits fresh 18-month low as virus infections surge
FINANCE
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FINANCE
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Turkish lira hits fresh 18-month low as virus infections surge

Panos - Mar 24, 2020

Turkey’s lira extended its lowest levels since September 2018 on Monday as confirmed infections from the coronavirus rose by nearly one-third in a day, weighing on market…

FINANCE
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Turkish inflation rate jumps above 25% on lira weakness

Panos - Nov 06, 2018

Turkey’s inflation rate rose above 25 per cent in October after a currency crisis this summer made white goods, food and housing more expensive and forced the…

FINANCE
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Turkish lira continues its freefall

makis - May 21, 2018

The Turkish lira has continued to plummet so far in 2018, sinking to fresh all-time lows as a worrisome cocktail of economic developments diminished demand for Turkish…

FINANCE
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Turkish lira in free fall, German Handelsblatt writes

makis - Apr 11, 2018

The Turkish Lira is in a free fall due to the central bank’s decision to adhere to the dictates of Turkish Recep Erdogan, German newspaper Handelsblatt claims.…

SLIDE
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Record low for the Turkish Lira against the Euro

makis - Mar 19, 2018

Amid intense fears about Turkey’s macroeconomic outlook and general financial worries the Turkish Lira tumbled to a record low of nearly 4.84 against the euro on March…