Turkey officially ended a deposit instrument introduced in December 2021 aimed at supporting the lira during a previous currency crisis. No new FX-protected lira deposit accounts will be opened and ...

We break down why Turkey’s economy is under growing strain. High inflation and a weakened lira have reduced purchasing power across the country. The Central Bank of the Republic of Turkey has relied ...

South Africa, Argentina, Mexico, Brazil and Russia have all seen their currencies slip over the past week because, like Turkey, they remain heavily dependent on foreign capital, especially the dollar.

The Turkish lira tumbled to a record low against the U.S. dollar, while Turkey's benchmark index dropped up to 7% following the arrest of Istanbul Mayor Ekrem Imamoglu, a leading opposition figure and ...

The week has begun on an interesting note, with the U.S. dollar crashing to three-year lows alongside losses on Wall Street, yet bitcoin BTC $121,835.99, which usually follows the sentiment on Wall ...

When a currency loses value, everything imported becomes more expensive. This video breaks down how Turkey’s falling lira ...

The Turkish lira sank to a record low against the US dollar and fell against the euro on Wednesday, as stocks in Istanbul dropped 6% following the detention of Turkish President Recep Tayyip Erdoğan's ...

Turkish state lenders sold an estimated $5 billion to support the lira on Tuesday and Wednesday in an effort to stem a selloff sparked by a court ruling targeting senior opposition figures. The ...