New Turkish lira

FILE - In this Friday, Aug. 10, 2018 file photo, Berat Albayrak, Turkey's Treasury and Finance Minister, wipes his forehead as he talks during a conference to ease investor concerns about Turkey's economic policy. Albayrak, announced his resignation on social media Sunday, Nov. 8, 2020. He said on Instagram that he was stepping down from his post for health reasons and would spend more time with his family. Albayrak, 42, was appointed minister of finance and treasury in July 2018, having previously been energy minister for nearly three years. (AP Photo/Mucahid Yapici, File)
November 09, 2020 - 3:31 am

Turkey's Battered Currency Rises After Finance Chief Resigns

ANKARA, Turkey (AP) — The Turkish lira firmed against the dollar on Monday a day after the finance minister, who is also the son-in-law to President Recep Tayyip Erdogan, announced his resignation on social media. The lira jumped 5.8% to 8.02 per dollar, even though it was not immediately clear...
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People walk inside historical Covered Bazar, one of homes of exchange offices in Istanbul, Friday, Aug. 7, 2020. Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery. The lira is down about 19% versus the U.S. currency since the beginning of the year. (AP Photo/Emrah Gurel)
November 06, 2020 - 10:10 pm

Turkey Replaces Central Bank Head As Lira Sees Record Lows

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira. Former Finance Minister Naci Agbal was brought in to replace Murat Uysal, according to a presidential decree...
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People wearing face masks to protect against the spread of coronavirus, walk in Ankara, Turkey, Thursday, Aug. 6, 2020. Turkey's interior ministry announced new measures Wednesday to curb the spread of COVID-19 as daily confirmed cases peaked above 1,000. (AP Photo/Burhan Ozbilici)
August 07, 2020 - 4:09 am

Turkish Lira Keeps Sliding, Hits Historic Lows Amid Pandemic

LONDON (AP) — Turkey's currency tumbled further Friday, hitting record lows two days in a row. The Turkish lira dropped to a historic low of 7.3677 against the dollar before recovering slightly. The lira is down about 19% versus the U.S. currency since the beginning of the year. The drop is fueled...
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August 06, 2020 - 5:50 am

Turkish Currency Hits All-Time Law Amid Market Jitters

LONDON (AP) — Turkey’s currency dropped to an all-time low against the dollar on Thursday as the global recession created by the pandemic brings to the fore weaknesses in the country's economy. The Turkish lira fell to 7.2775 against the dollar before recovering slightly to around 7.24, compared...
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May 07, 2020 - 5:29 am

Turkey's Lira Hits Record Low Against Dollar Amid Pandemic

ANKARA, Turkey (AP) — Turkey’s currency dropped to an all-time low against the dollar on Thursday as the country struggles with the economic impact of the coronavirus pandemic. The Turkish lira fell by 1% to 7.26 against the dollar, surpassing the previous record low of 7.24 reached during a...
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In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 12:58 am

Turkish Lira Weakens After Central Bank Chief Is Fired

ANKARA, Turkey (AP) — The Turkish lira has dropped by around 2% against the dollar after President Recep Tayyip Erdogan fired the central bank governor reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat Uysal, the central bank's deputy governor, in a...
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Turkey's President Recep Tayyip Erdogan gestures as he delivers a speech at a veterans' day event in Ankara, Turkey, Wednesday, Sept. 19, 2018.(Presidential Press Service via AP)
September 20, 2018 - 7:14 am

Turkey Expects Lower Growth Amid Currency Turmoil

ISTANBUL (AP) — Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency. Treasury and Finance Minister Berat Albayrak presented the government's economic plan Thursday, which estimates 2.3 percent growth in 2019 and 3.5 percent in 2020. The previous...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:14 pm

Technology Stocks, Led By Apple, Push Wall Street Higher

NEW YORK (AP) — U.S. stocks made solid gains Thursday as Apple and Qualcomm led a rally in technology companies. Drugmakers and health insurers also rose. Apple changed course and rose a day after it introduced three new iPhone models and updates to the Apple Watch. Chipmakers recovered after a...
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FILE - In this Thursday, Aug. 30, 2018 file photo, Turkey's President Recep Tayyip Erdogan attends a military graduation ceremony on Victory Day, in Ankara, Turkey. Turkey's arrests of US evangelical pastor Andrew Craig Brunson and other Western citizens have thrust its troubled judicial system to the forefront of ties with allies, reinforcing suspicions that the Turkish government is using detainees as diplomatic leverage. (Presidential Press Service via AP, Pool, File)
September 13, 2018 - 8:19 am

Turkish Central Bank Raises Rates To Stem Currency Crisis

ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem the currency crisis that has been destabilizing the country this summer. The bank's move is long overdue, many independent economists say,...
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FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)
September 13, 2018 - 5:34 am

World Stocks Rise On Report Of US-China Trade Talks

SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by...
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