Tag: Turkish lira
Why the lira is threatened with a steep fall
Dusseldorf, Istanbul Two years ago, one US dollar cost around seven lira in Turkey. It is now almost 18 lira. And currency experts reckon that the lira could soon break…
Inflation in Turkey reaches 49 percent – and continues to rise
Istanbul If the price of a packet of pasta in Germany tripled within a year, there would probably be protests. In Turkey this has become a reality. 500 grams of…
Is it still worth buying a property this year?
Last year, from July to September, the prices for residential real estate in Germany rose by an average of twelve percent – faster than ever before. This was announced recently…
Furthermore, the head of state Erdogan is trying to boost the economy with cheap money, thereby fueling inflation. As an important trading partner, Germany is also affected by the development.
Currency exchange office in Istanbul A customer has exchanged Turkish lira for dollars. Turkey’s national currency has come under enormous pressure compared to the US dollar or the euro. (Photo:…
Furthermore, the head of state Erdogan is trying to boost the economy with cheap money, thereby fueling inflation. As an important trading partner, Germany is also affected by the development.
Currency exchange office in Istanbul A customer has exchanged Turkish lira for dollars. Turkey’s national currency has come under enormous pressure compared to the US dollar or the euro. (Photo:…
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…
Companies with German equity participation optimistic
Currency exchange in Istanbul After the interest rate decision was announced, the dollar and the euro rose to 9.4782 and 11.0064 lira, respectively – more than ever before. (Photo: Bloomberg)…
Inflation in Turkey rises to almost 20 percent
Turkish lira The currency has come under further pressure in the past few months. (Photo: Reuters) Istanbul Inflation in Turkey continues to rise. In October, national consumer prices rose by…
Inflation in Turkey rises to almost 20 percent
Turkish lira The currency has come under further pressure in the past few months. (Photo: Reuters) Ankara Inflation in Turkey continues to rise. In October, nationwide consumer prices rose by…
Lira falls again to a record low – which could now follow
Banknotes with Turkish Lira Turkish savers are increasingly buying foreign currencies for fear of a further decline in the value of their own currency. (Photo: Reuters) Istanbul The Turkish lira…