Turkish demand for gold bars and coins surged, with a record of 98 tons in the first half of 2023 due to economic challenges. Inflation and government policies led to increased gold demand, even as ...

Istanbul/London (CNN) — Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others ...

ANKARA, Turkey (AP) — The Turkish lira tumbled to a fresh record low Wednesday, extending its slide against the U.S. dollar since President Recep Tayyip Erdogan started his third term. The lira ...

(Bloomberg) -- Turkey’s central bank raised interest rates days ahead of crucial local elections, a surprise decision that reversed a selloff in the lira even as inflation remains on track to exceed ...

Turkey’s commitment to orthodox economic policies that made it an investor favorite will be put to the test after central bank governor Hafize Gaye Erkan resigned on Friday. While the resignation did ...

The USD/TRY exchange rate has continued its strong rally this year as the Turkish lira plunged to its lowest level on record. It was trading at 36.32 on Thursday, up from the year-to-date low of 35.14 ...