Turkish Central Bank to work on simulations for digital lira to assess its impact, while work is underway on determining ...

(Bloomberg) -- Turkey’s central bank extended its interest-rate pause for a third month as it tries to keep the lira stable just before a presidential runoff in which incumbent Recep Tayyip Erdogan is ...

Foreign investors will steer clear of Turkish lira bonds until inflation reverses course and decelerates, according to Europe’s biggest asset manager, a distant prospect that suggests inflows likely ...

Borrowing in U.S. dollars and investing in Turkish lira has been the best-performing carry trade in emerging markets over the past six months, and some bankers say that’s just the beginning as long as ...

(Bloomberg) -- Turkey’s lira reversed earlier losses and surged against the dollar on Monday as President Recep Tayyip Erdogan indicated he’ll give his economic team more time to produce results ...

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 and ...

Turkey had spent about $200 billion to support the sinking lira in the year and a half through August 2023, exhausting its foreign exchange reserves, while keeping interest rates artificially low.

Turkey’s lira hit a record low and its stock market tumbled on Monday after a major earthquake killed more than 2,900 people and wounded fifteen thousand others in the country, piling on further ...

Turkish stocks and the lira fell Tuesday in the wake of a deadly 7.8 earthquake on Monday. Turkey's President Erdogan declared a state of emergency in areas hard hit by the natural disaster. Sharp ...

A Turkish prosecutor demanded on Tuesday a prison sentence of more than 2,000 years for Ekrem Imamoglu, the jailed opposition ...