currency
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Local Turkey
Turkish Central Bank reserves at $106.9B in April
Bank’s foreign currency reserves rise 3%, gold reserves down 1.3% The Turkish Central Bank’s reserves rose to $106.9 billion as…
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Business
Moody’s lowers Russia’s rating for 2nd time in a week
Outlook remains negative, according to global rating agency Moody’s downgraded Russia’s credit rating for the second time in a week…
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Money
Turkey’s assets abroad total $298.1B at 2021-end
Turkey ended 2021 with external assets worth $298.1 billion (TL 4 trillion), down 16.6% from the end of 2020, according…
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Business
Interest rates will be lowered, inflation will fall too: Erdoğan
President Recep Tayyip Erdoğan said interest rates would be further lowered and suggested inflation would fall as a result as…
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Business
Turkey: Citizenship investors required to sell FX to Central Bank
The investment amount required for obtaining Turkish citizenship will be determined in a foreign currency, according to the new regulation…
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Money
No interventions on Dec. 20 when Turkish lira rebounded: Finance minister
There was no intervention and Turkey’s public banks or institutions did not sell any United States dollars on the night…
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Local Turkey
Turkey’s priority lie in currency, price stability
Turkey to create economic climate to facilitate access to funding for investors, says industry and technology minister Turkey’s main priorities…
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Business
Standard Poor’s affirms Turkey’s credit rating, raises growth expectations
International credit rating agency Standard Poor’s (SP) affirmed Turkey’s foreign currency credit rating as “B+” and local currency credit rating…
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Business
Turkey’s Central Bank intervenes in markets again amid fluctuating FX rates
Turkish lira advances slightly against dollar following announcement of 3rd intervention this month Turkey’s Central Bank on Friday intervened in…
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Money
Turkey’s economy expected to grow by 5% in 2022: Vice president
‘We remain committed to stabilizing exchange rate, fighting inflation,’ says Fuat Oktay Turkey’s economy is expected to grow by 5%…
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