Turkey has raised the withholding tax on short-term Turkish lira deposits and investment funds by 2.5 percentage points, a ...

Turkish new lira banknotes are available in denominations of 5, 10, 20, 50, 100, and 200 lira. Coins are issued in values of 1, 5, 10, 25, and 50 kuruş, as well as 1 lira.

Turkey’s lira has plunged 7% to a record low in its biggest daily selloff since a historic 2021 crash, ... Turkish lira crashes as new government sets sights on ‘rational’ policies ...

Turkey is launching a new currency, the New Turkish Lira, or YTL, that drops six zeros, makes the money more manageable and, the government hopes, gives a psychological boost to citizens, business ...

The Turkish president’s tendency to intervene in setting monetary policy, firing central bankers and finance ministers who don’t agree with his rate-cutting gamble, has undermined the lira.

The Turkish lira sunk to a fresh low against the dollar, as the country’s president signaled early elections and deadly terrorist attacks unsettled markets right after the central bank’s ...

The Turkish lira continued its dive into uncharted territory on Thursday, touching a new low of 9.975 to the dollar after a jump in U.S. inflation exacerbated worries for a currency already ...

Turkey’s lira slumped to a new record low against the dollar, reflecting market disappointment with the central bank’s recent efforts to stabilize the currency and political uncertainty.