Turkey’s central bank raised one of its key interest rates in a surprise meeting on Thursday, the latest move by authorities to reverse a decline in the lira. The monetary authority hiked the ...

The Turkish lira tumbled to a record low against the U.S. dollar, while Turkey's benchmark index dropped up to 7% following the arrest of Istanbul Mayor Ekrem Imamoglu, a leading opposition figure ...

Lira fell 2.6% after earlier falling 12.7% to a record low Stocks down near 9% in largest daily drop in four years Analysts worry about effect on monetary policy ISTANBUL, March 19 (Reuters ...

ANKARA, March 19 (Reuters) - Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more than 12% following the detention of Istanbul's mayor, according ...

ISTANBUL - Turkey's lira fell more than 2% and touched a new all-time low of 37.5 to the dollar on Wednesday after authorities detained President Tayyip Erdogan's main political rival on charges ...

This 20 Turkish lira banknote is now worth less than 50 cents. In 2005 the US dollar was only worth 1.34 Turkish liras. Turkish authorities detained President Tayyip Erdogan’s main political ...

The country’s economic growth entirely depends on the contribution of the private sector because of the taxes they pay to run government’s programmes. However, according to Uganda’s tax ...