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Lira

Tourists return to Turkey as cheap lira offers luxury living for a fraction of the price

by Victoria Craig
Feb 8, 2022
"We feel super rich," one visiting couple said.
A Ukrainian tourist poses for a picture near the Hagia Sophia Mosque in Istanbul.
Bulent Kilic/AFP via Getty Images
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What does 20% inflation feel like in Turkey?

by Victoria Craig
Dec 21, 2021
A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government's policies.
Turkey's economic woes are driving many young people to look abroad for opportunity, which could lead to a damaging brain drain.
BBC/Stephen Ryan
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Road to recovery may be long for some emerging markets

by Scott Tong
Sep 5, 2018
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries have been through currency and financial crises before. And each case is different. But sometimes […]
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Why the Turkish lira’s downfall scares investors

by Justin Ho
Aug 13, 2018
The economic crisis in Turkey deepened this morning, despite moves by central bank officials in Ankara to calm the flight from the currency. The Turkish lira has lost 39 percent of its value since the beginning of the month. And there’s a reason why the lira’s downfall makes investors nervous — analysts are looking to see […]
A woman poses for a photograph with Turkish Lira currency on Aug. 13, 2018 in Istanbul, Turkey.The lira hit another record low overnight forcing Turkey's Central Bank to act to curb the lira's collapse however the action was not enough to subdue investors fears over the countries financial crisis. 
Chris McGrath/Getty Images
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Turkey shaken by financial fears, Trump rattles it further

by Associated Press
Aug 10, 2018
Trump tweeted that he had authorized the doubling of steel and aluminum tariffs “with respect to Turkey.”
A view of Turkish Lira.
iStock/Getty Images
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Turkey raises interest rates to stem currency crisis

by Tracey Samuelson
May 23, 2018
The Turkish lira has been on a wild slide recently. It dropped 5 percent against the dollar Wednesday, its biggest loss in nearly a decade, before the country’s Central Bank stepped in with an emergency meeting that reversed some of those losses. The bank finally did something it’d been resisting. Something its president had been […]
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