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    • Turkish New Lira (TRY)

Turkish New Lira (TRY) Newsletter
  • Turkish president says new lira deposit instrument achieved its goal 22 Dec 2021 19:39 GMT

    ANKARA, Dec. 22 (Xinhua) -- Turkey's new lira deposit mechanism has achieved … in lira after weeks of currency fluctuations. Accordingly, the government will …

  • Turkish Lira plummets to unprecedented level as Turkey nears elections 19 Apr 2023 09:25 GMT

    DAMASCUS, Syria (North Press) – The value of the Turkish Lira declined to its lowest against the US dollar amid anticipation of the presidential and legislative elections in May, which might bring the first political change in two decades. The Turkish Lira …

  • Earthquake Sends Tremors Through Turkey's Fragile Economy 19 Feb 2023 05:18 GMT

    … domestic product (GDP). But Turkey's agricultural production could … be a need for foreign currency," said Baki Demirel, … University, since Turkey will now import more. Turkey's … to herald the new lira banknotes in 2008, spearheaded Turkey's …

  • Turkey Country Report Nov22 - November, 2022 05 Nov 2022 07:18 GMT

    … there. On September 28, Turkey’s president, Recep Tayyip Erdogan … not be permitted to receive new lira loans. The move was a … covered firms with TRY15mn of forex assets that exceeded 10% … central bank’s international reserves. Turkey’s five-year credit default …

  • Why Turkey is going nowhere fast with ‘lira-isation’ 31 Oct 2022 09:00 GMT

    … their new economic model. Turkey, it is widely acknowledged, … Central Bank of Republic of Turkey] Governor [Sahap] Kavcioglu … that “10-year local currency government bond yields have … lending Banking regulator prohibited new lira-denominated loans to companies …

  • Turkey halts lending to more FX-rich firms to boost lira 21 Oct 2022 18:36 GMT

    Article content ISTANBUL — Turkey tightened lending rules for … lira ($538,000) of forex cash assets, and they exceed … not be allowed to receive new lira loans. Article content The parameters … or annual revenues. The lira currency has touched record lows in …

  • Turkey halts lending to FX-rich firms in latest clampdown 24 Jun 2022 21:01 GMT

    … currency cash, the latest step to reverse a tumbling foreign-exchange rate … not be allowed to receive new lira loans. The new rule … financial stability. Analysts said Turkey’s currency could rise more when … -sized companies to convert forex assets to lira in …

  • Turkey's banking watchdog eases regulations on lira loans to FX-rich firms 07 Jul 2022 18:22 GMT

    ISTANBUL (Reuters) - Turkey's BDDK banking watchdog … , the BDDK restricted access to new lira loans for companies subject to … million lira ($908,000) of forex cash assets and they exceeded … bank build up its depleted forex reserves. The Istanbul Chamber of …

  • Turkey Takes Aim at Lira Short Selling by Focusing on Niche Debt 03 Jun 2022 09:44 GMT

    … Turkey is planning to restrict purchases by domestic investors of new lira … making less local currency available outside Turkey.  The overnight forward … decades, the Turkish currency has lost nearly 20% … protects savers from the currency’s volatility bought …

  • Forex - Turkey Slides Toward New Lira Crisis on Vote Annulment 07 May 2019 07:57 GMT

    Investing.com -- Turkey is lurching toward a fresh currency crisis, with the lira sliding to its lowest in nearly a year after the country’s election authorities annulled the recent municipal election results for Istanbul. The decision triggered immediate …

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