Lira

Turkiye is intensifying efforts to boost foreign reserves in its central bank, the country’s finance minister has revealed. Writing on Twitter, Mehmet Simsek said the bank’s net international reserves rose to a record $8.5 billion last…

Turkish stocks extended their losses following Friday’s rout, prompting a fresh automatic trading halt after the lira slid to a record low. The Borsa Istanbul 100 Index tumbled 5%, after climbing as much as 3.1% earlier. Trading was set…

The Turkish lira has slashed to its all-time lowest rate, reaching 10 liras against USD, and analyzes indicate that the lira actually lost two-thirds of its value in five years, which significantly reduced the income of citizens, in…