New Turkish lira

FILE - In this Oct. 24, 2017, file photo people pass the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Aug 13. (AP Photo/Richard Drew)
August 13, 2018 - 3:15 pm
NEW YORK (AP) — U.S. stocks are mostly lower Monday as Turkey's central bank was unable to stop a steep plunge in the nation's currency. That's helping to push the dollar higher, hurting big exporters. Stocks are coming off their worst losses in a month as investors worry about financial and...
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A Turkish waits to change his US dollars with Turkish liras inside a currency exchange shop in Ankara, Turkey, Friday, Aug. 10, 2018. A financial shockwave ripped through Turkey on Friday as its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. (AP Photo/Burhan Ozbilici)
August 13, 2018 - 9:55 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 4:55 p.m. Germany's foreign minister says it would be in Turkey's own interest to come to an agreement with the United States and others on the release of foreign prisoners. Angered by the continued detention of an...
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A Turkish waits to change his US dollars with Turkish liras inside a currency exchange shop in Ankara, Turkey, Friday, Aug. 10, 2018. A financial shockwave ripped through Turkey on Friday as its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. (AP Photo/Burhan Ozbilici)
August 13, 2018 - 8:40 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 3:40 p.m. Chancellor Angela Merkel says that Germany wants to see Turkey prosper economically and is stressing the importance of its central bank's independence. Turkey is grappling with a currency crisis sparked by...
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A Turkish waits to change his US dollars with Turkish liras inside a currency exchange shop in Ankara, Turkey, Friday, Aug. 10, 2018. A financial shockwave ripped through Turkey on Friday as its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. (AP Photo/Burhan Ozbilici)
August 13, 2018 - 7:56 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 2:55 p.m. Turkish President Recep Tayyip Erdogan says his country is under an economic "siege" that has nothing to do with its economic indicators. During an address to Turkish ambassadors in the capital, Ankara,...
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A Turkish waits to change his US dollars with Turkish liras inside a currency exchange shop in Ankara, Turkey, Friday, Aug. 10, 2018. A financial shockwave ripped through Turkey on Friday as its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. (AP Photo/Burhan Ozbilici)
August 13, 2018 - 5:11 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 12:05 p.m. Turkey's foreign minister says the United States won't achieve aims by exerting pressure and imposing sanctions on Turkey. Addressing a conference in Ankara gathering Turkish ambassadors, Mevlut Cavusolgu on...
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A Turkish waits to change his US dollars with Turkish liras inside a currency exchange shop in Ankara, Turkey, Friday, Aug. 10, 2018. A financial shockwave ripped through Turkey on Friday as its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. (AP Photo/Burhan Ozbilici)
August 13, 2018 - 4:40 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis (all times local): 11:40 a.m. Turkey's Interior Ministry announces that it will take legal action against hundreds of social media accounts provoking the ongoing plummet of the Turkish lira. The ministry said Monday it initiated legal...
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A woman walks past a bank electronic board showing the Hong Kong share index outside a Hong Kong local bank Monday, Aug. 13, 2018. Asian stock prices sank Monday as Turkey’s financial turmoil fueled fears contagion might spread to other emerging markets. (AP Photo/Vincent Yu)
August 13, 2018 - 3:44 am
BEIJING (AP) — Asian stock prices sank Monday as Turkey's financial turmoil fueled fears of contagion in other emerging markets. KEEPING SCORE: The Shanghai Composite Index fell 1.6 percent to 2,750.40 and Tokyo's Nikkei 225 tumbled 2.0 percent to 21,857.43. Hong Kong's Hang Seng lost 1.6 percent...
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August 13, 2018 - 3:00 am
ANKARA, Turkey (AP) — Turkey's Central Bank has announced a series of measures to help banks manage their liquidity, after the country's finance chief said the government had readied an "action plan" to ease market concerns that led to a slump in the value of Turkish currency. The bank released a...
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Turkey's President Recep Tayyip Erdogan addresses supporters at his Black Sea hometown, Guneysu, Turkey, early Friday, Aug. 10, 2018. Turkey's Finance and Treasury Minister Berat Albayrak will reveal a " new economic model " as the Turkish Lira has lost more than 30 percent of its value since the start of the year.(Presidential Press Service via AP, Pool)
August 10, 2018 - 6:34 pm
ANKARA, Turkey (AP) — A financial shockwave ripped through Turkey on Friday, when its currency nosedived on concerns about its economic policies and a dispute with the U.S., which President Donald Trump stoked further with a promise to double tariffs on the NATO ally. The lira tumbled 14 percent in...
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Trader Michael Capolino works on the floor of the New York Stock Exchange, Friday, Aug. 10, 2018. Stocks are opening moderately lower on Wall Street following steeper losses in Europe, where investors worried about a sharp drop in Turkey's currency. (AP Photo/Richard Drew)
August 10, 2018 - 4:52 pm
NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system. Turkish President Recep Tayyip Erdogan has accumulated more and more control over the country's central bank as well as its...
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