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Turkish lira

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  • Thursday, 3 March, 2022
    Turkish economy
    Turkish inflation hits 20-year high of 54%

    Discontent grows about state of economy as lira tumbles

  • Monday, 21 February, 2022
    ExplainerTurkish economy
    In charts: can Erdogan’s gamble keep the Turkish lira steady?

    President is backing unorthodox measures to stabilise the currency but analysts are sceptical

  • Saturday, 12 February, 2022
    Turkish economy
    Fitch downgrades Turkish debt amid soaring inflation

    Rating agency says Erdogan’s flagship savings scheme will not ‘sustainably ease’ macroeconomic and financial stability risks

  • Wednesday, 9 February, 2022
    Turkish economy
    Turkey to target ‘under the mattress’ gold in effort to bolster the lira

    Ankara hopes to convert about $25bn of the hidden metal into the currency in latest scheme

  • Friday, 28 January, 2022
    Turkish lira steadies after tumbling 44% in tumultuous 2021

    Savings programme has helped slow selling in the currency, but analysts remain sceptical

  • Sunday, 23 January, 2022
    News in-depthTurkish economy
    Turks flock to cryptocurrencies in search of stability

    Erdogan plans crackdown as lira turmoil encourages speculation in digital assets

  • Wednesday, 22 December, 2021
    Turkey’s tumbling foreign assets hint at ‘aggressive’ lira intervention

    Bankers point to ‘very concerted’ effort to boost currency after Erdogan unveiled savings scheme

  • Wednesday, 22 December, 2021
    Turkish lira savings: a sticking plaster that will not heal wounded credibility Premium content

    Domestic money has been lured back from dollars and gold, but foreign funds will be harder to win over

  • Wednesday, 22 December, 2021
    UnhedgedRobert Armstrong
    Turkey needs the world to believe Premium content

    And big American stocks’ outperformance

  • Tuesday, 21 December, 2021
    Turkey’s currency surges after Erdogan unveils lira savings scheme

    Trading chaotic as analysts warn latest plan is a backdoor rate increase that could erode public finances

  • Tuesday, 21 December, 2021
    Unhedged
    Turkey gets desperate Premium content

    And household balance sheets

  • Monday, 20 December, 2021
    Turkish lira gyrates as Erdogan vows ‘no going back’ on rate cuts

    Cost of protecting against default on country’s debt has also ratcheted sharply higher

  • Friday, 17 December, 2021
    Turkish economy
    Turkey suspends stock trading as currency strain spreads through markets

    Drop in main index triggers circuit breaker as lira crisis deepens

  • Friday, 17 December, 2021
    News in-depthTurkish economy
    Turkish business reels from lira fallout in Erdogan’s economic ‘laboratory’

    Some exporters benefit from stronger dollar but others crave certainty in face of president’s experiments

  • Thursday, 16 December, 2021
    Turkish economy
    Turkey raises minimum wage by 50% to help workers hit by soaring inflation

    Erdogan announces pay boost just hours after central bank cuts rates, sending lira to new low

  • Monday, 13 December, 2021
    Turkish lira slumps to new low as monetary policy angst worsens

    Country’s central bank expected to cut rates further this week despite inflation above 20%

  • Friday, 3 December, 2021
    Turkish politics
    Council of Europe takes action over Osman Kavala, adding to Turkey’s troubles

    Human rights body’s disciplinary action comes as Erdogan faces rising discontent over currency crisis

  • Wednesday, 1 December, 2021
    Turkey intervenes in currency markets in attempt to stem lira falls

    Rally from historic low follows central bank’s vow to halt ‘unhealthy price formations’

  • Friday, 19 November, 2021
    Turkish economy
    Turkish lira sinks to new low as investors warn of ‘vicious cycle’

    Series of rate cuts will ‘quickly translate’ into worsening inflation, Goldman Sachs says

  • Thursday, 18 November, 2021
    Turkish economy
    Turkey defies warnings and cuts interest rates

    Lira tumbles as economists fret that loose monetary policy will spur inflation

  • Monday, 25 October, 2021
    Turkish politics
    Erdogan backs down in row with 10 western ambassadors

    Pressure eases on lira after Turkey president retreats over envoys’ expulsion threat

  • Friday, 15 October, 2021
    Turkish economy
    Turkish tycoon calls for economic policy overhaul

    Omer Koc critiqued the country’s ‘exhausting’ inflation and spiralling exchange rate

  • Thursday, 14 October, 2021
    Turkish economy
    Turkish lira hits record low after Erdogan sacks central bank officials

    President removes two deputy governors in new round of dismissals sending currency down 1%

  • Thursday, 23 September, 2021
    Turkish economy
    Turkey cuts interest rate to send lira tumbling as inflation soars

    Monetary policy committee surprises analysts by slashing borrowing costs to 18%

  • Friday, 30 July, 2021
    Turkish lira a rare bright spot for emerging market currencies in July

    Bounce back follows painful rout earlier in 2021 sparked by monetary policy jitters

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