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Turkish lira hits record low after central bank policymakers dismissed

Turkish lira hits record low after central bank policymakers dismissed

Fri, Oct 15, 2021

The Turkish lira has hit a new record low against the US dollar after President Recep Tayyip Erdogan dismissed three central bank members.

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Turkey will emerge stronger from lira crisis, finance minister Berat Albayrak tells investors

Turkey will emerge stronger from lira crisis, finance minister Berat Albayrak tells investors

Thu, Aug 16, 2018

The lira, still down 34 percent against the dollar this year, firmed to 5.7700 by 1100 GMT from a close of 5.95. Other Turkish markets were less buoyant: the main share index dipped 1.4 percent and the 10-year benchmark bond yield rose to 21.37 percent from 21.02 percent. 

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Global Markets: Shares regain footing as lira roars out of rout

Global Markets: Shares regain footing as lira roars out of rout

Tue, Aug 14, 2018

World share markets regained their footing on Tuesday as the threat from the collapse of the Turkish lira ebbed and reassuring German data offset signs of slowing growth in China.

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Turkey lira: Morgan Stanley's Ruchir Sharma says worry about China, it can spin off global economic crisis

Turkey lira: Morgan Stanley's Ruchir Sharma says worry about China, it can spin off global economic crisis

Tue, Aug 14, 2018

While Turkey has spun off a problem, he said that if China's Yuan spins out of control, it will create a global economic crisis.

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Asian markets steady, Turkish lira cuts losses

Asian markets steady, Turkish lira cuts losses

Mon, Jul 18, 2016

Asian markets opened steady on Monday as the the U.S. dollar gained on the yen in Asia.

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