content tagged with dollar

Turkish Lira continues to weaken after elections

Turkish Lira continues to weaken after elections

The lira plummeted to yet another all-time low against the US dollar and the Euro. Despite overall stability in global gold prices, gold prices also reached record highs.

Turkish lira hits lowest level since December

Turkish lira hits lowest level since December

The dollar/lira exchange rate has surpassed 16.70 for the first time since December 20. As the lira continues to tank, the rise in oil prices have continued since last week.

Turkish Lira crashes to new low, USD exchange rate tops 15 lira

Turkish Lira crashes to new low, USD exchange rate tops 15 lira

Ahead of the Monetary Policy Committee meeting of the Central Bank today, December 16, the depreciation of the Turkish Lira has continued amid expectations that the policy rate will be cut further.

16 December 2021

Will Turkey declare state of emergency over economic crisis?

Will Turkey declare state of emergency over economic crisis?

A law professor close to the president suggested that "we should be prepared for a state of emergency due to the economic crisis." Economics Mustafa Sönmez has commented about the issue.

15 December 2021 Hikmet Adal

Turkish lira nears 14 to US dollar as Erdoğan speaks again

Turkish lira nears 14 to US dollar as Erdoğan speaks again

"We are refusing the policy of drawing hot money flow with high interest rates," the president has said.

1 December 2021

Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day

Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day

The president says the country is in an "economic independence war" after lira's plunge following policy rate cuts.

24 November 2021

USD exchange rate against lira on the increase: Almost 10 lira

USD exchange rate against lira on the increase: Almost 10 lira

The depreciation of the Turkish Lira (TRY) has gained pace. The exchange rate of the US dollar topped 9.97 TRY today, on November 11.

11 November 2021

Turkey cuts interest rate by 200 basis points, dollar jumps against lira

Turkey cuts interest rate by 200 basis points, dollar jumps against lira

The exchange rate of the US dollar rose to 9.48, a new all-time high, against the lira after the Central Bank's decision.

21 October 2021

‘Those who knew Central Bank Governor's dismissal bought 1.1 billion dollars’

HDP'S NECDET İPEKYÜZ

‘Those who knew Central Bank Governor's dismissal bought 1.1 billion dollars’

HDP MP Necdet İpekyüz says that while the average amount of US dollars purchased in Turkey a day is between 150-400 million dollars, those who knew that Central Bank Governor Ağbal would be dismissed have got richer.

30 March 2021 Hikmet Adal

Minister reiterates commitment to free market mechanism as Turkish lira slides

Minister reiterates commitment to free market mechanism as Turkish lira slides

The lira has plunged after the Central Bank governor was replaced with a pro-government economist advocating lower interest rates.

Turkish lira continues to slide, trading at 10 to Euro

Turkish lira continues to slide, trading at 10 to Euro

The lira's new plunge has come on the day of the US presidential election.

3 November 2020

Finance minister says Turkey is on the 'path of growth' despite lira's slide against US dollar

Finance minister says Turkey is on the 'path of growth' despite lira's slide against US dollar

"The latest data shows that our economy is on course to enter the path of growth," Albayrak has said.

27 October 2020

Setting a new record low, Turkish lira falls to 8 against US dollar for the first time

Setting a new record low, Turkish lira falls to 8 against US dollar for the first time

Also, the Euro is sold at 9.4970 on the first trading day of the week.

26 October 2020

Gold price per ounce is over 2,000 dollars, again

Gold price per ounce is over 2,000 dollars, again

The gold price per ounce has exceeded 2,000 US dollars again. The price of gram gold has seen 477 şira while the exchange rates of US dollar and Euro are still record high.

‘Is there anything in Turkey that is not in dollars,’ HDP MP asks Minister Albayrak

‘Is there anything in Turkey that is not in dollars,’ HDP MP asks Minister Albayrak

From HDP MP Paylan to Finance Minister Albayrak, who asked CNN Türk’s Ahmet Hakan if he got his wage in dollars: “Is there anything in Turkey, apart from our wages, that is not in dollars? Aren’t our citizens born indebted thousands of dollars?”

Turkey’s Finance Minister Albayrak: What matters is not the level of exchange rate

Turkey’s Finance Minister Albayrak: What matters is not the level of exchange rate

Hosting Finance Minister Albayrak on CNN Türk, Ahmet Hakan said, “I get panicked when the exchange rate of US dollar rises. Should we be concerned,” to which Albayrak responded: “Do you get your wage in dollars?”

Polemic between Erdoğan, Babacan on 'giving a loan to IMF'

Polemic between Erdoğan, Babacan on 'giving a loan to IMF'

The President and the former economy minister, who found a new party after resigning from the AKP, got in an exchange following Turkish lira's slide against the US dollar.

'Global colonial barons' attack Turkey's economy, says Erdoğan's communications director

'Global colonial barons' attack Turkey's economy, says Erdoğan's communications director

Fahrettin Altun's statement came after Turkish lira hit a historic low against the dollar and Euro.

Turkey's Central Bank to 'use all tools' to reduce currency volatility

Turkey's Central Bank to 'use all tools' to reduce currency volatility

The bank's statement came after a spike in the US dollar and Euro.

Exchange Rate of US Dollar Hits 6.39 TRY, Falls Back to 5.80

Exchange Rate of US Dollar Hits 6.39 TRY, Falls Back to 5.80

Shortly after transactions started in Asian markets earlier today, the exchange rate of US Dollar hit 6.39 Turkish Lira. After a value loss of over 15 percent, the exchange rate has fallen back to the level of 5.80 Lira.

Central Bank Suspends Repo Auctions as Dollar's Rise Cannot be Stopped

Central Bank Suspends Repo Auctions as Dollar's Rise Cannot be Stopped

US dollar / Turkish lira rate has been increasing since April 1 amid uncertainty and violations regarding the elections.

Dollar Keeps Rising Against Turkish Lira

Dollar Keeps Rising Against Turkish Lira

The US dollar has been rising against the Turkish lira since April 1 amid uncertainty and violations in the March 31 local elections.

Kalın: Bolton’s Statement Proves US Declared Economic War

Kalın: Bolton’s Statement Proves US Declared Economic War

Presidential Spokesperson Kalın has responded to Trump’s National Security Advisor Bolton’s statements. Kalın has said, “Bolton’s words prove that the US has waged an economic war against a NATO ally”.

Erdoğan: Attack on Our Economy is No Different from Attack on Call to Prayer, Flag

Erdoğan: Attack on Our Economy is No Different from Attack on Call to Prayer, Flag

President and AKP Chair Erdoğan has shared a message in celebration of the Sacrifice Feast. Erdoğan has said, “An attack on our economy is no different than a direct attack on our call to prayer and our flag.”

Parliamentary Inquiry by HDP Regarding ‘Threatening Economic Security’ Offence

Parliamentary Inquiry by HDP Regarding ‘Threatening Economic Security’ Offence

The HDP Kocaeli MP Ömer Faruk Gergerlioğlu has submitted a parliamentary inquiry regarding the investigations launched by the İstanbul and Ankara Chief Public Prosecutor’s Offices on charge of “threatening the economic security.”

2 Actions by Central Bank to Prevent Depreciation of Turkish Lira

2 Actions by Central Bank to Prevent Depreciation of Turkish Lira

The Central Bank has taken two actions in an attempt to prevent the further depreciation of Turkish Lira, announcing that “it will provide all the liquidity the banks need.”

Dollar Hits 6.56 Turkish Lira as Berat Albayrak Speaks

Dollar Hits 6.56 Turkish Lira as Berat Albayrak Speaks

The Minister of Finance and Customs Albayrak delivered his speech at the publicity meeting, where he introduced the “New Economic Model”, when the exchange rate of US Dollar was 6.13 TRY. In the course of his speech, the exchange rate has hit 6.56 TRY.

Erdoğan: We Will Not Lose Economic War

Erdoğan: We Will Not Lose Economic War

Speaking about the recent increase in the exchange rates of US Dollar and Euro at a mosque in Bayburt, President Erdoğan has said, “We will not lose the economic war.”

Minister of Treasury Albayrak Postpones ‘New Economic Model Meeting’

Minister of Treasury Albayrak Postpones ‘New Economic Model Meeting’

As Dollar/TRY rate climbs up to 6.26, the “New Economic Model Presentation Meeting” that would be held at 11 a.m. has been postponed to 2:30 p.m.

Dollar: 6.26 – Erdoğan: They Have Dollar, We Have Allah

Dollar: 6.26 – Erdoğan: They Have Dollar, We Have Allah

Stating that several campaigns have been run, President Erdoğan has said, “If they have dollar, we have people, we have Allah”. Dollar has climbed to 6.20 TRY, which was 4.67 on the same day of previous month.

Erdoğan: Markets to Ease within Reasonable Time

Erdoğan: Markets to Ease within Reasonable Time

President Erdoğan has said, “Everything is going to be all right, markets will ease within reasonable time. Don’t be afraid, it will all pass. Both private sector and our citizens know what comes from where”. Dollar is 5.43, Euro is 6.31 TL.

Exchange Rate Statement by AKP: Fluctuations Will End Sooner or Later

Exchange Rate Statement by AKP: Fluctuations Will End Sooner or Later

Vice Chair of the AKP Cevdet Yılmaz has referred to the recent exchange rate movements as “fluctuations that cannot be explained on economic grounds” and stated that these fluctuations will end sooner or later.

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