Page 18 - Turkey

Turkey, Qatar to discuss Kabul airport plans with Taliban

Turkey has long expressed willingness to continue to run the airport, which is a main gateway for landlocked Afghanistan

Lira mounts historic 25% rally as Erdogan moves to protect savings

Erdogan introduced a series of steps late on Monday that he said will ease the burden of a weakened currency on Turks

Turkey's hidden rate hike buys Erdogan time but raises risks

The Turkish currency had lost more than 50% of its value against the dollar since September as President Recep Tayyip Erdogan leaned on the central bank to slash borrowing costs

Islam seeks lower rates, says Recep Tayyip Erdogan; lira slumps

For a second time in a month, Erdogan invoked religion to justify the current monetary stance

Turkey's lira sinks to fresh low, prompting bank to intervene

It was the bank's fifth intervention in recent weeks to attempt to prop up the lira

Turkey cuts benchmark interest rate again, lira dips to historic low

Turkey's central bank cut the benchmark interest rate by another 100 basis points despite soaring inflation, sending the weakening national currency lira to a new historic low against the US dollar.

Turkey increases minimum wage by 50% amid soaring inflation

Turkey's minimum wage will be 4,250 Turkish liras ($272) in 2022, President Recep Tayyip Erdogan has said, announcing a nearly 50-per cent increase

Turkey slashes key rate by whopping 100 bps; lira sinks to new record low

The bank signalled it would pause the easing cycle to monitor its effects in the next three months

How low can you go? Here are five questions for Turkey's central bank

The bank has slashed its key rate by 400 basis points to 15% since September as part of Erdogan's plan to prioritise exports and lending

Turkish Lira hits new low, dragging central bank to the rescue

The central bank announced its fourth market intervention in two weeks

Turkey's new Finance minister meets businesspersons amid currency crisis

Nebati briefed the business people about the steps to be taken to increase investment, production, and employment

Turkey reports 19,357 new coronavirus cases; tally rises to 8,901,117

A total of 350,937 tests were conducted over the past day

Turkish inflation accelerates to highest level since 2018 on lira woes

Monthly inflation was 3.51 per cent, compared with the median estimate of 3 per cent in a separate survey

Explainer: Turkey's currency Lira is crashing. What's the impact?

Turkish Lira has been plunging to all-time lows against the US dollar and the euro

Turkey's President Erdogan replaces finance minister as lira crashes

Erdogan named Nureddin Nebati, who was deputy minister, to the post, according to an announcement published in the Official Gazette

Erdogan replaces Finance Minister amid record drop in Turkish Lira

Elvan was appointed to the post of finance minister in November 2020 following the resignation of Erdogan's son-in-law, Berat Albayrak, who previously held this post.

Turkey's economy steams ahead of peers but inflation risks mount

Turkey's central bank has slashed 4 percentage points off borrowing rates since September

Soaring prices prompt concerns amid currency drop in Turkey

Turkish currency lira has lost about 40 per cent of its value this year against the US dollar, while the annual inflation hit almost 20 per cent in October

Turkey: Erdogan unbowed by critics, leaving little to stop lira's collapse

Two people familiar with internal discussions said some government officials are uncomfortable with Erdogan's rate-cutting strategy and told him this

Apple turns customers away at retail stores in Turkey amid currency crash

Apple recently stopped selling products online to customers in Turkey as the Turkish lira continues to crash