Lira
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Inflation in Turkey tops 83% as lira drops and Erdogan promises more interest rate cuts If you’re living in Europe and feeling squeezed by double-digit inflation, spare a thought for your Turkish counterparts. Turkey’s annual inflation rate hit 83.45 per cent in September, a new 24-year high, the country’s statistics office said on Monday. The cost…
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In April, Lira’s team announced that the musician had a stroke while she was out of the country for work. “To Lira’s beloved fans, clients, and associates: As Lira’s family, we would like to take this opportunity to share some recent developments regarding Lira’s health. Lira recently traveled to Germany for performance but unfortunately suffered…
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People in the streets of Istanbul have expressed concern over the Turkish lira plunging to record lows against the dollar on Wednesday, a day after Turkey’s president said policymakers had no appetite to hike interest rates in response to the currency’s fall. The Turkish lira earlier hit a record low exceeding 13 lira against the…
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Turkey’s central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan’s economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past week, accelerating a months-long decline, and tumbled…
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