New Turkish lira

September 12, 2019 - 8:17 am
ANKARA, Turkey (AP) — Turkey's central bank, under its new governor, has slashed its key interest rate again, this time by 3.25 percentage points. The bank said Thursday it had lowered the one-week repo auction rate to 16.50% from 19.75%, saying the inflation outlook continued to improve. The bank...
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In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 6:46 am
ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central bank governor, reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat...
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In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 3:58 am
ANKARA, Turkey (AP) — The Turkish lira has dropped by around 2% against the dollar after President Recep Tayyip Erdogan fired the central bank governor reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat Uysal, the central bank's deputy governor, in a...
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Turkey's President Recep Tayyip Erdogan addresses the supporters of his ruling Justice and Development Party, AKP, during a rally in Adiyaman, Turkey, Tuesday, March 26, 2019, ahead of local elections scheduled for March 31, 2019. (Presidential Press Service via AP, Pool)
March 28, 2019 - 8:40 am
ANKARA, Turkey (AP) — Turkey's president is accusing the United States and other western nations of attacking Turkey's economy ahead of Sunday's local elections. Recep Tayyip Erdogan spoke Thursday as the Turkish lira lost some 5 percent of its value against the dollar amid continued volatility in...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:12 pm
NEW YORK (AP) — U.S. stocks are climbing Thursday after the Labor Department said inflation slowed a bit in August. Technology companies like Apple and Microsoft made some of the largest gains after a recent bout of uncertainty, and chipmaker Qualcomm jumped after it announced a big stock buyback...
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FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)
September 13, 2018 - 8:34 am
SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by...
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September 13, 2018 - 7:42 am
ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem a currency crisis. The bank raised its one-week repo rate significantly despite President Recep Tayyip Erdogan's renewed and public...
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September 13, 2018 - 4:57 am
ANKARA, Turkey (AP) — The Turkish central bank is discussing possible changes to its monetary policy amid broad concerns over the weakening currency. The bank said earlier this month that it would adjust its monetary policy, raising hopes that it will increase interest rates on Thursday...
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September 10, 2018 - 4:12 am
ANKARA, Turkey (AP) — Official data show that Turkey's economy slowed in the second quarter of 2018 as its currency was sliding. The figures released Monday by the Turkish Statistics Institute indicated that the economy grew by 5.2 percent in the second quarter compared with a year earlier. That is...
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August 31, 2018 - 3:11 am
ANKARA, Turkey (AP) — Turkey has raised a tax on foreign currency deposit accounts and scrapped another on lira savings as it tries to shore up its struggling currency. According to a decision published in the Official Gazette on Friday, the withholding tax on foreign currency savings of up to six...
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