Tag: Capital movements abroad
Erdogan’s experiment will fail on the markets
Recep Tayyip Erdogan The Turkish head of state is demanding a “competitive” lira. (Photo: dpa) Istanbul The Turkish head of state Recep Tayyip Erdogan dares the impossible: He wants to…
Erdogan ensures the exchange rate jump with a guarantee for lira savings
Istanbul A promise by the Turkish President has reversed the massive downward trend in the Turkish Lira. Within one night, the lira made up for the losses of the past…
Erdogan wants to stop dollarization – Lira recovers
Recep Tayyip Erdogan Erdogan said after a cabinet meeting on Monday that he wanted to ensure that citizens did not have to exchange their domestic currency, the lira, for foreign…
Evergrande is said to be behind on some interest payments
Frankfurt The heavily indebted Chinese real estate company China Evergrande can apparently no longer meet all payment obligations on its bonds. Some foreign creditors would not have received the interest…
Turkish central bank intervenes again in the foreign exchange market to support the lira
Lira crisis in Turkey The ailing Turkish currency has fallen to an all-time low against the US dollar and the euro in recent months. (Photo: dpa) Istanbul For the second…
Erdogan sends Lira with a plea for interest rate cuts to a record low
Tayyip Erdogan The Turkish president is struggling with a sharp fall in the value of his currency. (Photo: Reuters) The Turkish President Tayyip Erdogan has sent the already massively weakened…
Turkish lira rate: the background to the record low
Istanbul Stock Exchange Large foreign banks and institutional investors such as pension funds are withdrawing their money from Turkey. (Photo: Bloomberg) Istanbul The Turkish currency is still in free fall.…
Turkish lira in free fall – Erdogan wants to continue “economic war of independence”
Turkish lira In this month alone, the lira has lost around a quarter of its value against the dollar and the euro. (Photo: dpa) Dusseldorf The fall of the Turkish…
Turkish lira collapses according to Erdogan statements
Turkish lira In this month alone, the lira has lost around a quarter of its value against the dollar and the euro. (Photo: dpa) Ankara The Turkish lira collapsed on…