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 ...

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.

But the Turkish lira crisis next door and skyrocketing inflation have made running his small business a nightmare. ... it will cost three lira ($0.24) to produce a bundle of bread, ...

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.

Turkish lira hits record low ahead of rate decision. By Nevzat Devranoglu and Daren Butler. July 18, 2023 3:13 PM UTC Updated July 18, 2023 Item 1 of 2 People queue at a currency ...

Turkish President Recep Tayyip Erdogan’s historic run-off re-election raised hopes for economic stability and appreciation of the Turkish lira against the US dollar. However, after the May 28 ...

Turkey's currency dropped again Monday as the country wrestled with a crisis that has rattled markets around the world. The Turkish lira plunged as much as 11% against the dollar, hitting a record ...

ISTANBUL, June 27 (Reuters) - The Turkish lira rallied as much as 6% against the dollar on Monday after Turkey moved to restrict lira lending to many companies with more than $1 million in foreign ...

Turkish Lira’s Borrowing Cost Shoots Up on Offshore Markets. Swapping dollars for lira comes with interest rates as high as 1,000%, traders say, as Turkey restricts access to its currency. By .

ISTANBUL—The Turkish lira sank to a record low against the dollar on Thursday, hit by expectations that the central bank may cut interest rates as soon as next week. The lira dropped more than 1 ...