The lira weakened 0.7% against the dollar on Monday after last week’s 3.1% drop, while other assets fared better. Istanbul-listed stocks gained as much as 3.8% and the price of protection against ...

The lira weakened 0.7% against the dollar on Monday after last week’s 3.1% drop, while other assets fared better. Istanbul-listed stocks gained as much as 3.8% and the price of protection ...

The Turkish lira crashed to a record low of 43 earlier this week. The USD/TRY pair then surged after the CBRT intervened. It hiked interest rates and then pumped $12 billion in the market.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey’s central bank burnt through almost $12bn defending the lira in a record intervention after ...

Turkey’s central bank raised one of its key interest rates in a surprise meeting on Thursday, the latest move by authorities to reverse a decline in the lira. The monetary authority hiked the ...

The Turkish lira tumbled to a record low against the U.S. dollar, while Turkey's benchmark index dropped up to 7% following the arrest of Istanbul Mayor Ekrem Imamoglu, a leading opposition figure ...

The Turkish lira weakened sharply to a record low against the U.S. dollar and the Istanbul stock market dived after the main opposition challenger to President Recep Tayyip Erdoğan was arrested.

The Turkish lira (TRY) fell to a record low against the dollar following the surprise arrest of President Recep Tayyip Erdogan's rival and Istanbul mayor Ekrem Imamoglu. The currency slumped a ...

Lira fell 2.6% after earlier falling 12.7% to a record low Stocks down near 9% in largest daily drop in four years Analysts worry about effect on monetary policy ISTANBUL, March 19 (Reuters ...

ISTANBUL - Turkey's lira fell more than 2% and touched a new all-time low of 37.5 to the dollar on Wednesday after authorities detained President Tayyip Erdogan's main political rival on charges ...

ANKARA, March 19 (Reuters) - Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more than 12% following the detention of Istanbul's mayor ...

This 20 Turkish lira banknote is now worth less than 50 cents. In 2005 the US dollar was only worth 1.34 Turkish liras. Turkish authorities detained President Tayyip Erdogan’s main political ...