Tag: Currency
Turkey’s central bank signals further rate hikes
Turkish woman before the central bank meeting in Istanbul Many Turkish consumers are suffering from the sharply increased prices for food and other goods. (Photo: dpa) Istanbul After the turnaround…
Yen falls below important mark – Finance Minister wants to react “appropriately”.
Japan’s Finance Minister Shunichi Suzuki Japan’s finance minister announced “appropriate responses” should volatility become too severe. (Photo: via REUTERS) Tokyo The yen has broken a psychologically important barrier to the…
Currency Withholding Rate Increased, KKM Withholding Support Extended!
With a Presidential Decree published in the Official Gazette, the withholding tax rate applied to foreign currency deposit accounts was increased to 25 percent, while the withholding tax exemption applied…
Turkish lira falls to new lows – new test for central bank
Hafize Gaye Erkan The new head of the central bank has changed course. (Photo: Anadolu Agency/Getty Images) Dusseldorf The drastic fall in the lira continues. Turkey’s national currency hit new…
Digital Currency Move from the Swiss National Bank!
Swiss Central Bank SNB, one of Europe’s leading monetary authorities, CBDC announced that it will start the pilot implementation in the near future. Speaking at an event in Zurich today,…
The Rise in Currency Continues, Dollar Exceeded Critical Threshold!
The Central Bank of the Republic of Turkey, led by Hafize Gaye Erkan, held its first monetary policy meeting yesterday. After the CBRT increased interest rates for the first time…
Powell: I Expect Dollar to Remain as Reserve Currency
In his speech to the House of Representatives Financial Services Committee, Federal Reserve Chairman Jerome Powell stated that he expects the US dollar to remain the world’s reserve currency. Powell…
Anti-Bitcoin IMF’s Digital Currency Step: “If We Don’t Do This, Cryptocurrencies Will Probably Succeed!”
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Monday that the institution is working on a platform for central bank digital currencies (CDBCs) to enable transactions…
IMF Develops Global Digital Currency Platform!
International Monetary Fund (IMF) President Kristalina Georgieva announced that they are focusing on central bank digital currencies (CBDC), which many countries are working on. According to Georgieva, the IMF is…
Why Do Other Countries Have “Lira” Currency?
Just as the dollar has variations such as the American dollar and the Canadian dollar, the lira also has variations such as the Turkish lira, Syrian lira and Lebanese lira.…
The benefit of the digital euro is small, the effort immense
Economy, Euro symbol at Willy Brandt Platz The euro may also be available as a digital currency in the future. Many details in the considerations are still open. (Photo: Blatterspiel/Jan…
Celebrity Name Crypto Currency Case: Raised Thousands of Dollars!
MachiBigBrother sued ZachXBT over an investigation it published in June 2022, alleging that the trader stole tens of millions of dollars worth of cryptocurrencies. Here are the details… ZachXBT accused…
This Country’s Central Bank Is Preparing To Launch Its Digital Currency!
Bank of England, After a year-long project concluded that technology could support new ways of using money, he digital money One step closer to launching its unit. Bank of England…
Why Isn’t Japan Affected By Currency Difference As We Are?
Do you know that 1 dollar is 140 yen in Japan? Despite this, we are in a crisis in Turkey, where 1 dollar is 23.5 TL while there is no…
The digital euro is to become legal tender
Digital Euro According to the ideas of the EU Commission, the digital euro should become legal tender – just like cash. (Photo: imago images/Christian Ohde) Frankfurt, Brussels The digital euro…
Increase in Currency Protected Deposits (KKM) at full speed
The rise in the dollar continues to be reflected in Currency Protected Deposits (KKM) and currency protected participation accounts. The increase in the amount accumulated in KKM, whose burden on…
Introducing Islamic Coin: Digital Currency Specially Designed for the Global Muslim Community
Cryptocurrencies and blockchain technologies play a huge role in the ongoing financial revolution in the world. One of the newest players to enter the digital scene is Islamic Coin ($ISLM),…
Erdogan appoints US finance manager Erkan as central bank governor
Istanbul Turkish President Recep Tayyip Erdogan has appointed a finance executive from the United States to head Turkey’s central bank. Hafize Gaye Erkan’s nomination was published in the Official Gazette…
Erdogan appoints US finance manager Erkan as central bank governor
Recep Tayyip Erdogan The Turkish President had recently favored a rather unusual monetary policy. (Photo: Reuters) Istanbul Turkish President Recep Tayyip Erdogan has appointed a finance executive from the United…
Dax: Index development and prices up to date
Dusseldorf The Dax struggled on Thursday with the 16,000 point mark: After the leading German index had risen to 16,019 points at noon, it then fluctuated around the psychologically important…