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    • Turkish New Lira (TRY)

Turkish New Lira (TRY) Newsletter
  • Turkish Lira plummets to unprecedented level as Turkey nears elections 19 Apr 2023 09:25 GMT

    DAMASCUS, Syria (North Press) – The value of the Turkish Lira declined to its lowest against the US dollar amid anticipation of the presidential and legislative elections in May, which might bring the first political change in two decades. The Turkish Lira …

  • Earthquake Sends Tremors Through Turkey's Fragile Economy 19 Feb 2023 05:18 GMT

    … domestic product (GDP). But Turkey's agricultural production could … be a need for foreign currency," said Baki Demirel, … University, since Turkey will now import more. Turkey's … to herald the new lira banknotes in 2008, spearheaded Turkey's …

  • Turkey Country Report Nov22 - November, 2022 05 Nov 2022 07:18 GMT

    … there. On September 28, Turkey’s president, Recep Tayyip Erdogan … not be permitted to receive new lira loans. The move was a … covered firms with TRY15mn of forex assets that exceeded 10% … central bank’s international reserves. Turkey’s five-year credit default …

  • Turkish president says new lira deposit instrument achieved its goal 22 Dec 2021 19:39 GMT

    ANKARA, Dec. 22 (Xinhua) -- Turkey's new lira deposit mechanism has achieved … in lira after weeks of currency fluctuations. Accordingly, the government will …

  • Why Turkey is going nowhere fast with ‘lira-isation’ 31 Oct 2022 09:00 GMT

    … their new economic model. Turkey, it is widely acknowledged, … Central Bank of Republic of Turkey] Governor [Sahap] Kavcioglu … that “10-year local currency government bond yields have … lending Banking regulator prohibited new lira-denominated loans to companies …

  • Turkey halts lending to more FX-rich firms to boost lira 21 Oct 2022 18:36 GMT

    Article content ISTANBUL — Turkey tightened lending rules for … lira ($538,000) of forex cash assets, and they exceed … not be allowed to receive new lira loans. Article content The parameters … or annual revenues. The lira currency has touched record lows in …

  • Turkey's banking watchdog eases regulations on lira loans to FX-rich firms 07 Jul 2022 18:22 GMT

    ISTANBUL (Reuters) - Turkey's BDDK banking watchdog … , the BDDK restricted access to new lira loans for companies subject to … million lira ($908,000) of forex cash assets and they exceeded … bank build up its depleted forex reserves. The Istanbul Chamber of …

  • Turkey halts lending to FX-rich firms in latest clampdown 24 Jun 2022 21:01 GMT

    currency cash, the latest step to reverse a tumbling foreign-exchange rate … not be allowed to receive new lira loans. The new rule … financial stability. Analysts said Turkey’s currency could rise more when … -sized companies to convert forex assets to lira in …

  • Turkey Takes Aim at Lira Short Selling by Focusing on Niche Debt 03 Jun 2022 09:44 GMT

    Turkey is planning to restrict purchases by domestic investors of new lira … making less local currency available outside Turkey.  The overnight forward … decades, the Turkish currency has lost nearly 20% … protects savers from the currency’s volatility bought …

  • Idlib: Pricing in dollars confuses wholesale market merchants, customers 07 Sep 2023 09:42 GMT

    … payment directly in the Turkish currency, the maximum limit will … of the presidential elections in Turkey. During the last period, … the adoption of the new lira in Turkey in 2005. For forward … changes occurring in the Turkish currency to ensure that merchants …

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