What you need to know on Friday, December 21: In a day of widespread risk aversion that would normally be expected to benefit traditional forex safe havens like the USD and JPY, it was the euro that stood out. EUR / USD rallied 0.4% after bouncing off support in the form of recent lows, although […]
Tag: Turkey
Erdogan lends to boost employment: ‘Interest rate cuts will boost inflation’
The statements made by the President of the country, Recep Tayyip Erdogan, on Monday afternoon, can be considered an attempt to save the faltering economy of Turkey. in the aftermath of the collapse of the Turkish pound. “We live up to our promise not to crush our employees under the high cost of living.” he […]
USD / TRY hits new all-time highs near 18.00 as lira sell off continues
The Turkish lira continues to decline, down 9% on Monday. USD / TRY remains close to recent highs, which is likely to lead to more inflation going forward and chaos. The Turkish lira cannot find a support and continues to decline. The USD/TRY reached 17.95, a new record. It’s hovering around 17.85, up 9% on […]
The ‘father’ of the illegal Turkish-Libyan memorandum met with a Libyan delegation
A delegation of the Libyan Parliament (HoR) met on Saturday with the former Chief of Staff of the Turkish Navy – architect of the illegal Turkish-Libyan Memorandum on the Maritime Borders – Admiral Jihad Yadigonti in Türk’s Konstantin. The center posted pictures of the meeting on Twitter and said Yaici had briefed the parliamentary delegation […]
New trading session on the Istanbul Stock Exchange – The dollar / pound exchange rate reached 18.5
LAST UPDATE 18:51 Shares in the Turkish stock market continued their downward trend on Friday and Monday, with the automatic closing mechanism being activated today, as in the last session, after the fall of the general index Borsa Istanbul 100 to -5%, in a climate of collapse of the Turkish lira against the dollar. Earlier, […]
New trading breaks on the Istanbul Stock Exchange – The dollar / pound exchange rate reaches 18.5
LAST UPDATE 18:51 Shares in the Turkish stock market continued their downward trend on Friday and Monday, with the automatic closing mechanism being activated today, as in the last session, after the fall of the general index Borsa Istanbul 100 to -5%, in a climate of collapse of the Turkish lira against the dollar. Earlier, […]
Russia: Import of agricultural products suspended by some Turkish and Iranian producers
Russia has suspended imports of agricultural products, including lemons, mandarins, peppers, grapes and pomegranates from 33 Turkish and Iranian producers, citing alleged food safety violations, the consumer health regulator said today. Such restrictions are often seen as politically motivated, although Russia denies it. NATO member Turkey and Russia have complicated relations, but sometimes cooperate despite […]
Erdogan: Low interest rate policy part of ” independence war ”
LAST UPDATE: 16:52 President Recep Tayyip Erdogan has said he has managed to reduce Turkey’s inflation, which now stands at more than 21%, to about 4% in the past and will do so again soon. At the same time, prices are soaring due to the aggressive monetary easing promoted by the president, which has led […]
Which Europeans supported Cyprus and which Turkey
The German bloc in the EU acts as a deterrent to the imposition of sanctions against occupying Turkey while the attitude of partners sends to the unwanted the European solidarity towards the Republic of Cyprus, reports philenews. According to what has been discussed in the EU Council of Foreign Ministers, last Monday, in Brussels, the […]
Turkey: YPOIK meeting with the banks – A cry of agony from the businessmen
Turkish Finance Minister Nuredin Nebati briefed the Turkish Banks Association, the BDDK banking authority and state-owned banks on the new low-interest rate economic model, the union said. The meeting takes place in the shadow of the slump of the Turkish pound, which on Friday recorded a new record low, exceeding the level of 17 pounds […]