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Turkish Lira

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Turkish inflation rockets to almost 70%, shattering rate pause hopes

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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

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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

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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

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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

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'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

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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

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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

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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

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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

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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

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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

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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

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Erdoğan: Currency crisis an "attack" on Turkey

Erdoğan: Currency crisis an "attack" on Turkey

20/08/2018

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US threatens new Turkey sanctions over Christian pastor

US threatens new Turkey sanctions over Christian pastor

17/08/2018

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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

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Erdogan blames "plot against Turkey" for plunging lira

Erdogan blames "plot against Turkey" for plunging lira

12/08/2018

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Turkey is 'target of economic war', Turkish president says

Erdogan said those who plotted against Turkey in a failed coup attempt in July 2016 were now trying to target the country through its economy.

12/08/2018

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Erdogan remains defiant despite Turkish Lira's spiral

Turkey's President defended his country's financial health, insisting people should look at the "big picture" instead of focussing on foreign exchange prices.

10/08/2018

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Turkish Lira plummets leaving the Euro struggling

The Euro sank to its lowest levels in over a year on Friday, with investors dumping their eurozone shares following Turkey's spiralling Lira currency and overheating inflation.

10/08/2018

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Central Bank steps in as Turkish lira tumbles

Lira rallies at the end of the day after falling five percent

23/05/2018