Turkish Lira

Money

Inflation in Turkey rises to 70%, a 20-year high

Russia’s invasion of Ukraine -- and the resulting surge in gas, oil and grain prices -- has compounded the situation in Turkey, a country reliant on imports.

05/05/2022

Turkey

Turkey cuts power to opposition leader’s home after protest

Kemal Kilicdaroglu vowed not to pay his electricity bills until the Turkish government withdrew the price increases.

21/04/2022

Tech News

Turkey's inflation surges to highest level since 2002 at nearly 50%

Turkey has suffered from persistently high inflation for years, experiencing two currency crises since 2018.

03/02/2022

Turkey

Turkey's inflation hits a 19-year high of 36%

Turkey’s yearly inflation climbed by the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday. The Turkish Statistical Institute said the consumer price index increased by 13.58% in December from the previous month.

03/01/2022

Turkey

'Shopping like crazy': Inflated lira sees neighbours flock to Turkey

As lira hits an all-time low against the euro in late December, shoppers from Turkey and Greece arrive in Turkey in droves to capitalise on it.

27/12/2021

Turkey

Turkey's Erdogan announces moves to encourage lira savings

Turkish President Recep Tayyip Erdogan on Monday announced a series of measures to encourage lira-denominated savings, easing the pressure on the beleaguered Turkish currency.

20/12/2021

Turkey

Thousands in poverty protest in Turkey as lira hits record lows

Turkey's net monthly minimum wage of 2,825 lira amounted to €337 in January 2021. Last Wednesday it was the equivalent of €197.

13/12/2021

Syria

Turkish lira's decline has impact over the border in Syria

The Turkish currency has in turn lost 40% of its value since the start of the year. More than 20% was lost during the last month alone.

03/12/2021

Money

Protests in Turkey's cities after lira plunges to new historic low

The Turkish lira has dropped 40 per cent in value since the start of the year, shedding as much as 15 per cent on Tuesday alone.

24/11/2021

Tech News

Turkish lira nears record low after US recognises Armenian genocide

Turkey's lira slid on Monday to near record lows as relations with the US cooled and the new central bank chief warned against the prospect of raising rates.

26/04/2021

Tech News

Bitcoin hits fresh record ahead of Coinbase's stock market debut

Does the stock market listing of Coinbase mean cryptocurrencies are becoming part of the financial establishment?

13/04/2021

Turkey

President Erdogan's son-in-law resigns as Turkish finance minister

Turkey's finance minister, who is also President Recep Tayyip Erdogan's son-in-law, has announced on Instagram that he intends to step down from his post for health reasons.

09/11/2020

Business

Erdoğan: Currency crisis an "attack" on Turkey

Erdoğan: Currency crisis an "attack" on Turkey

20/08/2018

Business

US threatens new Turkey sanctions over Christian pastor

US threatens new Turkey sanctions over Christian pastor

17/08/2018

Turkey

What's behind Turkey's lira crisis? | Euronews answers

The Turkish government has announced an action plan as the country's currency continues to slide, and an escalating row with the US threatens a full-blown economic crisis.

13/08/2018

Economy

Erdogan blames "plot against Turkey" for plunging lira

Erdogan blames "plot against Turkey" for plunging lira

12/08/2018