Posts Tagged ‘lira’

Turkey’s central bank launches “rescue measures” as the lira slides

  • 13 August 2018 - 20:18
Turkey’s central bank launches “rescue measures” as the lira slides

Turkey's central bank on Monday announced it was taking all necessary measures to ensure financial stability after the collapse of the lira, promising to provide "all the liquidity the banks need". The Turkish currency reached a new record low of 7.24 against the US dollar in Asia Pacific trade...

Turkey’s lira hits a record low against US dollar amid possible American sanctions

  • 1 August 2018 - 20:54
Turkey’s lira hits a record low against US dollar amid possible American sanctions

Turkey’s lira has weakened to a new record low against the dollar after a media report indicated that the US could be laying the groundwork for possible sanctions amid a diplomatic row between the two countries. The lira extended its fall to touch a new record of 5.00 against the dollar on...