Home Topics Lira

Lira

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."
Secretary of State Mike Pompeo in May. (J. Scott Applewhite-AP)

Mike Pompeo: US, Turkey to resolve detainee spat ‘in a matter of days’

Secretary of State Mike Pompeo said on Saturday he hopes an American detained in Turkey will be released in the coming days after US sanctions were recently slapped on Turkish officials.

Naira stable as central bank holds rates Lira crumbles

It is interesting how the Naira has witnessed stability against the Dollar after the Nigerian Central Bank kept its monetary policy rate (MPR) unchanged at 14% in July.

Recent Stories

Anthony Lester

UK lawmakers block suspension of member accused of sexual harassment

Britain’s upper House of Lords on Thursday voted to block the suspension of a parliamentarian who allegedly tried to force a woman to sleep with him in exchange for a promotion.
Magnus Abe

Magnus Abe: Politicians will plunge Rivers into violence

The Senator representing the Rivers South-East Senatorial District at the National Assembly, Senator Magnus Ngei Abe has warned politicians not to plunge Rivers State into the kind of violence and mayhem that characterized the 2015 general elections.
Buhari Media Organisation (BMO)

MTN fine: BMO tells senate to face its core duties

The Buhari Media Organisation (BMO) has advised the Senate to desist from interfering with the executive in running of state affairs but to concentrate more on its duties of providing adequate legislation for the growth of the nation.

Educationist urges continued advocacy to end exam malpractice

Prof. Abednego Ekoko, Chairman, Board of Trustees, Exam Ethics Marshal International, has called for continued advocacy by stakeholders to end exam malpractice in the country.
The Vice President, Yemi Osinbajo on Wednesday officially launched the Federal Government’s Trader Moni in Bodija and Oje markets in Oyo state’s capital, Ibadan 20

Yemi Osinbajo: People Money, entrepreneurship banks underway soon

To boost Small and Medium Scale Enterprises (SMEs), Vice President Yemi Osinbajo says the Federal Government will soon establish People Money and Entrepreneurship Banks.