Home Topics Turkish Lira

Turkish 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.
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.

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.
(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

Turkey calls US ‘wild wolves’, vows to abandon dollar in trade

Turkish President Recep Tayyip Erdogan on Sunday vowed Ankara would pursue non-dollar transactions in trade with Russia and other countries, accusing the US of behaving like "wild wolves."
Bank of Japan

Bank of Japan vows to keep the lid on interest rate

The Bank of Japan will not raise interest rates “for quite a long time”, its chief said in an interview published Saturday even as its US and European peers tighten monetary policy.

Turkey detains two more suspects over US embassy shooting

Turkish police have arrested two more people for their suspected links to Monday's drive-by shooting on the US embassy in capital Ankara, Anadolu Agency reports, in an attack coinciding with increased tensions between the NATO allies.
Andrew Brunson - Getty Images

John Bolton: Turkey can end lira crisis ‘instantly’ by freeing pastor

US President Donald Trump's national security adviser has said that Turkey could end its lira-battering crisis with Washington "instantly" by freeing a detained American pastor, adding that a Qatari cash infusion would not help Ankara's economy.

Dollar dented by Donald Trump’s Fed comments

The dollar fell versus the euro and pound Tuesday after US President Donald Trump hit out at the Federal Reserve’s interest rate rises, accusing it of not backing his economic plan, while most equity markets climbed looking ahead to China-US trade talks.
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.

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.
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.

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

All Progressives Congress (APC) National Publicity Secretary, Lanre Issa-Onilu

APC: Assembly members in Edo, Bauchi undemocratic

The All Progressives Congress (APC) says political actions of some members of houses of assembly in Bauchi State and Edo in the inauguration of the assemblies are undemocratic.
GOtv Boxing Night

Taiwo Agbaje wow fans at GOtv Boxing Night 19

Taiwo ‘Esepo’ Agbaje wowed fans and was voted the best boxer at GOtv Boxing Night 19 staged at Sports Hall, National Stadium, Surulere, Lagos on Sunday night.

Enugu Disco denies collecting N2 million from estate residents in Aba

Enugu Electricity Distribution Company (EEDC) is working to replace a faulty transformer in Federal Housing Estate, Ogbor-Hill, Aba, Abia and restore regular electricity supply to the estate, an official has said.
Japanese Prime Minister and ruling Liberal Democratic Party (LDP) president Shinzo Abe gestures as he greets his party’s executive office members before a press conference at the party’s headquarters in Tokyo on July 22, 2019. – Japan’s ruling coalition has retained its grip on the country’s upper house, but failed to secure a “supermajority” that would ease the path to constitutional reform, results showed on July 22. (Photo by Kazuhiro NOGI / AFP)

Japan’s premier vows to reform constitution despite no ‘supermajority’

Prime Minister Shinzo Abe on Monday pledged to keep alive his plans to amend the country’s pacifist constitution, despite failing to secure a “supermajority” in upper house elections.
PDP Vice Presidential Candidate, Mr. Peter Obi before the opening statements of the Chairman 2019 Presidential Election Appeal Panel, Justice Zainab Adamu Bulkachawa during the opening of the hearing for the petition against the re-election of President Muhammadu Buhari at the Court of Appeal, Abuja. Photo by Abayomi Adeshida

Peter Obi decries incessant killing of Nigerians in South Africa, others

The Vice Presidential Candidate of the Peoples Democratic Party in the February 23 presidential election, Mr. Peter Obi, on Sunday in Abuja, decried the killing of Nigerians in some countries including South Africa.