Home Topics Lira

Lira

Donald Trump

Donald Trump: We will devastate Turkey economically if they hit Kurds

President Donald Trump threatened Turkey with economic devastation if it attacks a U.S-allied Kurdish militia in Syria, weakening the Turkish lira and prompting sharp criticism from Ankara on Monday.
Abbas Lakis

Lebanese arrested at Abuja airport with over $2 million

The Economic and Financial Crimes Commission (EFCC), on Friday said its operatives arrested one Abbas Lakis, a Lebanese for money laundering after he was found with undeclared currencies worth over a billion naira.
Andrew Brunson's detention became a cause celebre for US evangelicals [Chris McGrath-Getty Images]

Donald Trump to host freed US pastor Andrew Brunson at White House

US President Donald Trump has welcomed the release of US pastor Andrew Brunson, who is on his way back home from Turkey following two years in detention.
Andrew Brunson - Getty Images

Trial of detained US pastor Andrew Brunson resumes in Turkey

An American pastor whose detention for the past two years by Turkey sparked a crisis in ties with the United States went back on trial on Friday with Washington hopeful he will finally be released.
(FILES) In this file photo taken on June 24, 2018 Turkish President Recep Tayyip Erdogan arrives to deliver a speech in Istanbul, after initial results of Turkey's presidential and parliamentary elections. President Recep Tayyip Erdogan will on July 9, 2018 be sworn in for a second mandate as Turkey's head of state after his election triumph last month, assuming sweeping powers granted under a new constitution, a presidential source said. / AFP PHOTO / BULENT KILIC

President Erdogan: US crippling Turkey’s economy

President Tayyip Erdogan of Turkey on Friday again blamed the U.S. for what he called a “heinous economic attack” that has sent the lira tumbling some 40 per cent this year.

Oil races toward $100 as stocks inch off three-week lows

Fresh sparring between Washington and Beijing over trade kept world stocks close to three-week lows on Wednesday, while a slight dollar pullback gave little respite to emerging markets, Indian rupee plumbed new record lows.
The central banks of Qatar and Turkey have signed a currency swap agreement to provide liquidity and support for financial stability, Qatar's central bank said. AP

Qatar, Turkey central banks ink currency swap deal

The central banks of Qatar and Turkey have signed a currency swap agreement to provide liquidity and support for financial stability, Qatar's central bank said.
Turkey's Halkbank

Turkey begs Donald Trump over bank probe

The United States (U.S.) on Sunday rejected offer from Turkey to release detained American pastor Andrew Brunson, for the suspension of investigation into Turkish bank, Halkbank.

Court again rejects US pastor Andrew Brunson’s appeal for release

A Turkish court again rejected an appeal to release American Christian pastor Andrew Brunson from house arrest, broadcaster Haberturk said on Friday.

Turkey promises US tit-for-tat response

Turkey on Friday threatened to respond measure-for-measure if the United States levied further sanctions over the detention of an American pastor, which has sparked a diplomatic standoff and battered the Turkish currency.
his handout picture taken and released by Turkish Presidential Press Service sows Turkey's President Recep Tayyip Erdogan saluting supporters after Friday prayers, in Bayburt, August 10, 2018. Turkey's Finance and Treasury Minister, son-in-law of Erdogan, Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year / Murat KULA / TURKISH PRESIDENTIAL PRESS SERVICE / AFP

Turkey doubles tariffs on some US goods amid rising tensions

Turkey doubled tariffs on some imports from the United States - such as passenger cars, alcohol and tobacco - in what it said was retaliation for "deliberate attacks" on its economy.
Recep Tayyip Erdogan - Turkey

President Erdogan: Turkey will boycott US electronic products

President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the U.S., which has imposed sanctions and raised tariffs against Ankara in a dispute about the detention of a U.S. evangelical pastor.
Turkish Lira

Turkish Lira rebounds after central bank measures

The Turkish lira rebounded Tuesday against the dollar, a day after the central bank took a raft of measures in a bid to soothe the markets.
Turkish Lira

Turkey’s Lira crisis spills into Asian markets

Asian and European markets tumbled and the Turkish lira dived almost eight percent Monday on fears that the economic crisis gripping Turkey could spill over into the global economy.
Recep Tayyip Erdogan - Turkey

Turkey pledges action to save currency

Turkey has vowed to take measures later today to calm market fears sparked by the precipitous plunge in the lira’s value as its president accused Washington of spearheading an “underhand plot” against his country.
Turkey's President Recep Tayyip Erdogan delivers a speech at a ceremony site on "July 15 Martyrs Bridge" (Bosphorus Bridge) in Istanbul on July 15, 2018.Turkey is marking two years since the defeat of the coup aimed at ousting President Recep Tayyip Erdogan, seeking to showcase national unity and his grip on power in an increasingly polarised society. The authorities have declared July 15, an annual national holiday of "democracy and unity", billing the foiling of the putsch as a historic victory of Turkish democracy. / AFP PHOTO / OZAN KOSE

President Erdogan says crash of lira ‘political plot’ against Turkey

Turkish President Recep Tayyip Erdogan on Sunday slammed the crash of the lira amid a widening spat with the United States as a "political plot" and said his country would instead seek new markets and new allies.
his handout picture taken and released by Turkish Presidential Press Service sows Turkey's President Recep Tayyip Erdogan saluting supporters after Friday prayers, in Bayburt, August 10, 2018. Turkey's Finance and Treasury Minister, son-in-law of Erdogan, Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year / Murat KULA / TURKISH PRESIDENTIAL PRESS SERVICE / AFP

President Erdogan warns Turkey’s partnership with US ‘in jeopardy’

President Recep Tayyip Erdogan said Turkey's partnership with the United States may be in jeopardy as ties strain, warning Ankara could start looking for new allies, in an op-ed published in the New York Times on Saturday.
Turkey's President Recep Tayyip Erdogan delivers a speech at a ceremony site on "July 15 Martyrs Bridge" (Bosphorus Bridge) in Istanbul on July 15, 2018.Turkey is marking two years since the defeat of the coup aimed at ousting President Recep Tayyip Erdogan, seeking to showcase national unity and his grip on power in an increasingly polarised society. The authorities have declared July 15, an annual national holiday of "democracy and unity", billing the foiling of the putsch as a historic victory of Turkish democracy. / AFP PHOTO / OZAN KOSE

President Erdogan tells Turkey to ‘trust in God’ as currency falls

Turkish President Recep Tayyip Erdogan has brushed off the plunging value of the lira and a rift with the US, telling Turks: "If they have their dollars, we have our people, our God."

Recent Stories

Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.

Algerians protest against President Bouteflika’s bid for fifth term

Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.

Elections: Rivers APC kicks as INEC chairman claims every judgment has been obeyed

The Director of Strategic Communications for the All Progressives Congress (APC) governorship candidate in Rivers State, Tonye Cole, Prince Tonye Princewill, has expressed dissatisfaction with the Chairman, Independent National Electoral Commission (INEC), Prof. Yakubu Mahmood, over the claim that all court judgments have been obeyed by the electoral umpire as regards the state.

Elections: Police summon APC Reps member over Kano violence

The police in Kano on Friday ‘invited’ a member of the House of Representatives, Abdulmumin Jibrin, over his alleged role in a bloody clash between members of the PDP and APC in Bebeji Local Government Area.

Elections: Liberia’s Ellen Sirleaf urges politicians to maintain peace, adhere to rule of law

Head of the ECOWAS Election Observetion Mission (EOM), former Liberia’s President, Ellen Johnson-Sirleaf, has urged Nigerians, particularly the political class, to sustain the peace that characterised the postponement of the Presidential and National Assembly elections and also conduct themselves according to the laws of the land as they go to the polls Saturday.

Policeman, thugs arrested for branding private vehicles in police colours

An unidentified police inspector was arrested on Thursday at a hotel in Ewet Housing Estate for aiding some people to brand two private vehicles in police colour.