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Home Turkey’s lira 
‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

‘People are just shocked’: Turkey’s lira plunges after Erdogan sacks third central bank chief in two years

Posted By: Editorial Teamon: March 22, 2021In: ECONOMY, MARKETING, NEWSNo Comments

Turkey’s lira fell dramatically on Monday morning after President Recep Tayyip Erdogan fired the country’s central bank chief — the third to be fired in two years — sending shockwaves through the investor community. The currency plunged more than 16% in early morning Asian trading, according to analysts, hitting 8.4 against the dollar compared to […] Read more

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Turkish lira falls to a fresh record low against the euro amid investor selling, sanctions risk

Turkish lira falls to a fresh record low against the euro amid investor selling, sanctions risk

Posted By: Editorial Teamon: July 28, 2020In: ECONOMY, NEWSNo Comments

Turkey’s lira fell to a fresh record low against the euro on Tuesday, extending losses from the previous session, as investors worry about the country’s dwindling foreign exchange reserves, growing foreign-denominated debt, central bank intervention and potential sanctions from the EU. The lira was briefly trading at a record low of 8.1733 to the euro just after […] Read more

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