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    Turkish lira

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    • Friday, 24 June, 2022
      Turkish bank regulator limits lira loans for firms holding foreign exchange

      Under-pressure currency climbs in response but analysts say move is further step towards capital controls

    • Friday, 10 June, 2022
      Turkey promises new bond plan as lira weakness deepens

      Little reprieve for currency after government pledges to tackle ‘topics on our economic agenda’

    • Wednesday, 8 June, 2022
      Turkish economy
      Turkish lira’s slide accelerates as Erdoğan vows to continue slashing rates

      Currency has shed 22% this year and analysts warn fall is ‘likely to continue’ without rate rises

    • 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

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