USD/TRY forecast: Turkish lira crashes ahead of CBRT rate cut
Explore why the USD/TRY exchange rate has jumped to a record high and what to expect ahead of the upcoming CBT decision.
USD/TRY forecast: ING experts see Turkish lira falling to 43
The USD/TRY exchange rate continued its uptrend and reached its all-time high amid a potential divergence between the Federal ...
Bitcoin Magazine2 年
The Turkish Lira’s Freefall And The Bitcoin Parachute
According to official government reports, Turks are now suffering from 54.4% year-over-year (YoY) inflation, the highest in 20 years. The purchasing power of the lira is tragically vanishing right ...
BBC3 年
Turkish lira slumps further to new record low
The Turkish lira has fallen to a new record low amid fears that the central bank will make a further cut in interest rates later this week. At one point, it was down nearly 7% at just under 15 to ...
BBC3 年
Turkish lira nose-dives 15% as president defies critics
President Tayyip Erdogan built his reputation on strenghening Turkey's economy The Turkish lira nose-dived 15% on Tuesday after President Tayyip Erdogan defended a controversial plan to cut ...
World Finance3 年
Lira depreciation leaves Turkish banks vulnerable
When Naci Ağbal, head of the Turkish central bank, hiked interest rates on March 18, markets responded with kindness. The value of the Turkish lira shot up by four percent. Within just four months in ...