Foreign Tourists Get Surprise Bonanza from Turkey Woes
The collapse of the Turkish lira has caused trauma as Turks see their purchasing power slashed, but bargain-hunting foreign tourists are cashing in on a currency windfall.
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Turkish lira
Turkish Lira Sinks After Trump Doubles Tariffs on Turkey
The Turkish lira sank further against the U.S. dollar, standing 6.43 after U.S. President Donald J. Trump doubled tariffs on aluminum and steel from Turkey. As the lira crashes, President…
Turkish Lira Hits Record Lows Against US Dollar Amid Sanctions Row
The Turkish lira tumbled into new record lows against the U.S. dollar and euro amid an escalating dispute over sanctions between Turkey and the U.S.
Turkey’s Currency Tumbles, With Nearing to 5 Lira Against Dollar
Turkey's embattled lira slumped almost five percent to new record lows in value against the U.S. dollar on Wednesday after concern over President Recep Tayyip Erdogan's new cabinet and his…
Turkey’s Central Bank Overhauls Interest Rates to Boost Lira
Turkey's Central Bank announced simplification of monetary policy to create one headline interest rate, a move that helped the lira rally after weeks of steady decline against the foreign…