Tag: Currency
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.…
Japan is testing its own digital currency
Tokyo view A private initiative made up of the leading big banks, around 70 companies and local governments is promoting its own digital currency. (Photo: AP) Tokyo Japan could introduce…
Apple stops iPhone sales in Turkey
Recep Tayyip Erdogan The Turkish head of state Erdogan had demanded a “competitive” lira on Tuesday. (Photo: dpa) Istanbul The strongest daily loss of the Turkish lira in over three…
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…
How the ECB is pushing the euro
The two most important central banks in the world are thus drifting apart in monetary policy. This tendency is likely to intensify in the coming months. The strategy is having…
This Altcoin is a Premium Currency!
As the overall cryptocurrency market is undergoing a recovery, Ethereum has surpassed the $4,300 level. Analysts are optimistic about ETH price and believe that the altcoin price could hit an…
Currency hike in automobile prices may knock on the door of the consumer early!
After the TL’s depreciation against the Dollar and other currencies in the past days, social media users expressed their concerns about the prices of technological products. Especially Sour Dictionary and…
Crypto Currency Brought These 2 Brothers To Death!
The bodies of two brothers from Bursa, who suffered a great loss as a result of their crypto money investments, were found in Lake Iznik. After the brothers said to…
US Treasury: “Countries Cannot Evade US Sanctions Using Digital Currency or Bitcoin”
US Deputy Treasury Secretary Wally Adeyemo said in a recent interview with CNBC reporter Hadley Gamble that CBDCs, like Russia’s digital ruble, do not pose a threat to US sanctions.…
Swiss franc rises to its highest level since 2015
Swiss franc banknotes The currency fell below a level that the central bank had last defended. (Photo: dpa) Zurich In search of safe asset classes, more and more investors are…
Turkish central bank cuts key interest rate to 15 percent
Turkish lira The currency has come under further pressure in the past few months. (Photo: Reuters) Istanbul The Turkish central bank fueled concerns about a further decline in the national…
Turkish central bank cuts key interest rate to 15 percent
Turkish lira The currency has come under further pressure in the past few months. (Photo: Reuters) Istanbul The Turkish central bank fueled concerns about a further decline in the national…
Prestigious project with political explosiveness – that’s why the ECB wants to create a digital euro
Christine Lagarde The head of the ECB warns that without a European offering of their own, other digital currencies will gain in importance. (Photo: imago images / Hannelore Förster) Brussels,…
Erdogan wants to fight against the “interest plague”
Recep Tayyip Erdogan The Turkish President believes that high interest rates lead to inflation. (Photo: dpa) Istanbul Before taking an important monetary policy decision by the Turkish central bank, President…
Mastercard wants to accept Bitcoin as a means of payment
Credit card There are still no hardware devices in the supermarket to accept bitcoins: Mastercard therefore has to convert crypto-coins into an ordinary currency during the transaction. (Photo: AP) Dusseldorf…
The ECB President admits for the first time that the currency devaluation can take longer. Realism is slowly returning to the Frankfurt Tower.
ECB chief Lagarde Christine Lagarde admits: The high inflation will last longer in Europe. (Photo: Reuters) The sounds from the tower of the European Central Bank (ECB) are changing. It…
China Exchanges Ideas with Other Central Banks on Digital Currency
The European Central Bank and the People’s Bank of China are discussing the development of digital central bank currencies (CBDC). Yi Gang, Chairman of the People’s Bank of China (PBoC),…
Euro exchange rate as low as it was last in summer 2020
Euros and dollars The majority of global transactions are processed in these two currencies. (Photo: AFP) Frankfurt The euro fell further on Friday and hit a low for over a…
Asian stock exchanges are gaining ground – concerns about inflation are fading into the background
Financial markets in Japan Investors in Asia are not very concerned about inflation. (Photo: dpa) Tokyo Asian share prices were initially stronger on Friday. The shock over the surprisingly high…