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  2. Turkey’s inflation problem is so severe the central bank just ...

    www.aol.com/finance/turkey-inflation-problem...

    The move means there have now been 3,650 basis points of cumulative interest rate hikes in Turkey since the May 2023 presidential elections—but that still hasn’t been enough to tackle inflation.

  3. Turkish central bank keeps its key interest rate unchanged ...

    www.aol.com/news/turkish-central-bank-keeps-key...

    Turkey’s central bank left its key interest rate unchanged at 45% on Thursday, pausing a series of aggressive rate hikes aimed at taming high inflation. The central bank said it was keeping the ...

  4. Turkish lira - Wikipedia

    en.wikipedia.org/wiki/Turkish_lira

    The Turkish lira partially recovered in early 2021 with the government's increase in interest rates. However, the currency began to crash due to inflation and depreciation starting on 21 March 2021, after the sacking of Central Bank chief Naci Ağbal. The Turkish lira reached a then-all-time-low of ₺8.8 to the dollar on 4 June.

  5. Pound, Turkish Lira under Pressure, Dollar Holds Steady

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  6. Central Bank of the Republic of Turkey - Wikipedia

    en.wikipedia.org/wiki/Central_Bank_of_the...

    The Central Bank of the Republic of Türkiye (CBRT) (Turkish: Türkiye Cumhuriyet Merkez Bankası, TCMB) is the central bank of Turkey.Its responsibilities include conducting monetary and exchange rate policy, managing international reserves of Turkey, as well as printing and issuing banknotes, and establishing, maintaining and regulating payment systems in the country.

  7. List of currencies in Europe - Wikipedia

    en.wikipedia.org/wiki/List_of_currencies_in_Europe

    Turkish lira euro (unofficial) sterling (unofficial) ₺ € £ TRY. EUR GBP kuruş. cent penny. Cypriot pound South Ossetia Georgia: Russian ruble ₽ RUB kopeck: Soviet ruble Transnistria Moldova: Transnistrian ruble: руб PRB (unofficial) kopeck Soviet ruble

  8. Turkish economic crisis (2018–current) - Wikipedia

    en.wikipedia.org/wiki/Turkish_economic_crisis...

    Turkey's exports as percentage of imports. A longstanding characteristic of Turkey's economy is a low savings rate. [17] Since Recep Tayyip Erdoğan assumed control of the government, Turkey has been running huge and growing current account deficits, $33.1 billion in 2016 and $47.3 billion in 2017, [18] climbing to US$7.1 billion in the month of January 2018 with the rolling 12-month deficit ...

  9. British currency in the Middle East - Wikipedia

    en.wikipedia.org/wiki/British_currency_in_the...

    At the time of the occupation in 1878, for the purpose of paying the troops the British government instructed that a Turkish lira was to be rated at 9 ⁄ 10 of a pound sterling. [5] There was a complication, however, in that although one lira was equal to 100 Turkish piastres , this rate differed in practice between different locations.