Turkish lira news
Follow RT for news and stories on economic matters and the world's currencies, including lira – the official currency of Turkey. The self-declared Turkish Republic of Northern Cyprus also use the Turkish lira as their currency. Find news and stories on the history and evolution of the Turkish lira. It has its roots the ancient Roman unit of weight called libra. From 1844–1923 there was the Ottoman lira, and then was the first Turkish lira till 2005. Today modern Turkey uses the second variant of lira after redenomination and removal of six zeros from the Turkish lira. Recently Turkish lira has significantly dropped, which means crisis is Turkey. The value of the Turkish lira has halved in 2017 against the US dollar. The decline has been aggravated by latest US threat to double tariffs on Turkish steel and aluminum. However, there is a list of other reasons of lira freefall. Get the news and stories on that matter, as well as on Turkish relations with the US.
- Retaliation over S-400? Trump cancels Turkey’s preferential trade status
Donald Trump has terminated the preferential trade agreement which provided Turkey with partial tax-free access to US markets, in a move some see as Washington’s retaliation for the NATO ally’s increasingly independent policies.May 17, 2019 04:56Business News - Turkish lira swings wildly after Erdogan’s party suffers pivotal election lossesThe Turkish national currency suffered losses Monday before recovering slightly after President Erdogan’s AK Party saw election losses in big cities, including capital Ankara.Apr 1, 2019 19:32Business News
- Erdogan accuses US of undermining Turkish economy ahead of electionsTurkey’s President Recep Tayyip Erdogan accused the West, particularly the United States, of manipulating its national currency rates as the country gears up for elections this weekend.Mar 28, 2019 14:47Business News
- Hundreds arrested in Turkey on suspicion of money laundering with terrorism tiesProsecutors in Turkey have detained 417 people in a money laundering investigation over the transfer of about 2.5 billion lira ($419 million) to bank accounts abroad, according to reports by CNNTurk and other Turkish media.Oct 2, 2018 11:07Business News
- ‘Turkey not America’: Erdogan continues crackdown on US dollar in favor of liraThere is no economic crisis in Turkey, according to President Recep Tayyip Erdogan. Turkey will extend the use of the domestic currency, the lira, as a substitute for the US dollar, he said.Sep 19, 2018 14:15Business News
- US behind ‘economic assassination attempt’ on Turkey – ErdoganTurkish President Recep Tayyip Erdogan has accused Washington of waging an economic war against his country. Speaking before his ruling AK party in Ankara on Friday, he urged boosting the role of the Turkish lira in settlements.Sep 14, 2018 10:40Business News
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