The Central Bank of the Republic of Turkey (CBRT) on Thursday lowered its benchmark interest rate — the one week repo rate — by 325 basis points to 16.50% from 19.75%. Following the rate cut, [ More … ]
Acquiring experience with measures taken against the market turmoil in summer of 2018, the Turkish economy is now looking to turn imminent global risks into advantages As the global and regional economies get increasingly exposed [ More … ]
Investment guru Rogers: US rift with Turkey ‘madness,’ time to invest in Turkish assets The United State’s rift with its NATO ally Turkey is “madness” and smart people are currently investing in Turkish assets, Jim [ More … ]
BY: Burhanettin Duran The Trump administration’s policy of economic selfishness doesn’t just make the U.S. look like a vulgar and isolated superpower, but at the same time encourages the world’s leading economies to work more [ More … ]
BY: Erdal Tanas Karagöl The Gezi Park events, the Dec. 17-25 judicial coup in 2013, the July 15 coup attempt in 2016 and the latest attack on the economy through the exchange rate, which Turkey [ More … ]
The Turkish lira is rebounding after Qatar pledged US$15 billion in investments to help Turkey’s economy The currency strengthened some 3 percent against the dollar on Aug. 16, trading at around 5.75 per dollar, hours [ More … ]
German Economy Minister Peter Altmaier has sharply criticized U.S. President Donald Trump’s tariffs and sanctions policies, saying such measures were destroying jobs and growth and that Europe would not bow to U.S. pressure regarding Iran. [ More … ]
Dollar to Turkish lira rate slips in line with US dollar weakness in almost all major currencies and emerging markets. However, investors just want Turkey’s 16 April referendum done with and think of how markets are most [ More … ]
Turkish central bank has announced to open foreign exchange depot market to enhance flexibility and instrument diversity Turkey’s Central Bank has decided to open Foreign Exchange Deposits against Turkish Lira Deposits market to increase flexibility [ More … ]
USD/lira exchange rate down to 3.81 amid central bank move to cancel 1-week repo auction, after hitting 3.94 on Wednesday Turkey can handle the recent volatility in its local currency, marked by record lows against [ More … ]
By: İbrahim Karagül* The thing Turkey has been discussing over the dollar, the mobilization it has been carrying on through the national economy discourse, the joint solidarity it has been trying to form with economy [ More … ]
-Turkish lira regains losses after July 15 defeated coup, sinks below 3 to the dollar – The Turkish lira rebounded Wednesday morning, reaching below 3 per dollar following talks between Russian President Vladimir Putin and Turkish [ More … ]
Turkish Lira rises 2.49 percent against US dollar following statements from Central Bank and Deputy PM Mehmet Simsek The Turkish lira soared nearly 2.50 percent against the U.S. dollar in the early hours of Monday [ More … ]
Copyright © 2016 | Middle East Observer