If the pressure on the currency and financial markets of Turkey continued to intensifythe risk of introducing additional capital control is growing, said the credit rating company S&P Global, quoted by AP. The Turkish lira has depreciated by 22% this year, raising fears that the country could turn to a repeat of the currency crisis … Read more
“We give you the pants. Suit with vest – a whole set. BGN 190”, “All your needs in … Onur market”. Such amusing billboards, lost in the Turkish-Bulgarian translation, – otherwise with serious content, can be seen on the way to Edirne, Turkey, Maritsa writes. The famous “cheap market” there, as it is known on … Read more
Jakarta, CNBC Indonesia – Turkey’s inflation year-on-year (yoy) in December 2021 reached the level of 36.08%. This figure is the highest record in Anatolia since September 2002. In a report by the Turkish Statistical Institute, month-on-month, inflation rose 13.58%. This fell short of analysts’ forecasts for a 9% monthly increase and a 30.6% annual increase. … Read more
Inflation in Turkey does not stop – – The Turkish lira lost 44% of its value against the dollar last year as a result of central bank action. Over the year, inflation in Turkey rose to 36% amid demands by the country’s president to comply with a policy of low discount rates, informs Reuters. This … Read more
Is the world facing a Nutella deficit? – – The record drop in the Turkish Lira exchange rate has prompted farmers in Turkey to cut their hazelnut production. The fall of the Turkish national currency has the most unexpected consequences. This could lead to a shortage of hazelnuts in the world, writes The Wall Street … Read more
Lyra is rapidly falling in price – – Earlier, Erdogan said that the authorities did not intend to abandon the policy of lowering the discount rate – the lira collapsed again. A record drop in the national currency, the lira, continues in Turkey. On Monday, December 20, the dollar rate in the country rose by … Read more
The Turkish lira has reached another level record low, cheaper against the dollar to 17.04 pounds per US unit, BGNES reports. The national currency of our southern neighbor has depreciated twice since the beginning of the year, which is one of the biggest declines in its value in recent years. If in January the dollar … Read more
Jakarta – Turkey’s currency slumped again to 8%. This is a record low in history. Quoted from CNBC According to him, this condition occurred because Turkish President Tayyip Erdogan cut his benchmark interest rate to deal with inflation. Because Erdogan has taken a policy of cutting interest rates by 500 basis points (bps) since September, … Read more
Jakarta, CNBC Indonesia – Turkish President Recep Tayyip Erdogan, again battered his currency. On Friday last Friday, the value of the Turkish lira, weakened eight percent to touch the figure of 17.0705 per US dollar which is a record low in history. This is a result of President Erdoan’s unusual plan to cut bank interest … Read more
The Turkish lira reached a record low of 17.17 against the dollar, losing a staggering 9 per cent of its value in one day, after fears of rising inflation amid pressure from President Recep Tayyip Erdogan to cut key interest rates by 5 per cent since September, the DPA reported. Separately, the pound hit its … Read more