The lira, Turkey’s currency, is in free fall. A decade ago, it traded at 1.83 to the US dollar. Five years ago, it hovered around three to the dollar. Last week it surpassed nine to the dollar and, on ...

The Turkish lira rallied as much as 6% against the dollar on Monday after Turkey moved to restrict lira lending to many companies with more than $1 million in foreign currency cash in the latest step ...

A currency crisis here is battering Turks’ confidence in their government’s ability to manage the economy, causing droves of people to buy U.S. dollars and sending crowds of people into the streets to ...

The dollar has been rising versus the Turkish lira since it became apparent that Turkey was heading for an election runoff that President Recep Tayyip Erdogan would be likely to win, and analysts at ...

ISTANBUL, Nov 14 (Reuters) - Turks are hoarding dollars and shunning their own currency as confidence in it dwindles, undermined by high inflation, a cloudy political outlook and fears of an exodus of ...

The Turkish lira weakened 0.8% to a record low beyond 8.95 against the dollar on Friday, hit by concerns over monetary policy credibility as well as a firmer dollar. ISTANBUL, Oct 8 (Reuters) - The ...

The Turkish lira dropped to an all-time low against the dollar Tuesday as political pressure on the country’s central bank to lower interest rates continues to discourage investors on the currency.

Locals' foreign currency holdings up sharply this year Rise suggests central bank may struggle to defend lira Central bank reluctant to hike interest rates Limited shelf life of Fed stimulus also ...