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  2. 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.

  3. Vision 2023 - Wikipedia

    en.wikipedia.org/wiki/Vision_2023

    The Turkish currency was characterized by a plunging value of the Turkish lira, high inflation, rising borrowing costs and corresponding loan defaults. In 2018, the lira's exchange rate accelerated deterioration, reaching a level of US$4.5/TRY by mid-May.

  4. List of countries by exchange rate regime - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Print/export Download as PDF; Printable version; ... Turkey Uganda Ukraine ... This page was last edited on 5 November 2024, ...

  5. Why Turkey’s Lira Is Having a Rough Year - AOL

    www.aol.com/news/why-turkey-lira-having-rough...

    A Turkey country-specific exchange traded fund has been among the worst performers this year, as the Turkish economy grapples with a weakening lira currency and a high inflation rate. The iShares ...

  6. Turkish inflation hits 14-year high, lira slides - AOL

    www.aol.com/news/turkish-inflation-hits-14-high...

    Turkish consumer price inflation jumped to a 14-year high in June, official data showed on Tuesday, driving the lira down and putting pressure on the central bank to raise interest rates further ...

  7. Economy of Turkey - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Turkey

    The "New Turkish lira" (TRY) was introduced on 1 January 2005. [118] On 1 January 2009, the New Turkish lira was renamed once again as the "Turkish lira", with the introduction of new banknotes and coins. Banking came under stress beginning in October 2008, as a result of the 2008 global financial crisis. Turkish banking authorities warned ...

  8. Turkey's lira logs worst year in two decades under Erdogan - AOL

    www.aol.com/news/turkeys-lira-logs-worst-two...

    The lira - by far the worst performer in emerging markets in 2021, as well as in the last few years - shed 44% of its value against the dollar over the year and 19% in the last week alone.

  9. Economy of Northern Cyprus - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Northern_Cyprus

    There are three-year-long programs of financial and economical cooperation between Turkey and Northern Cyprus. [18] In 2013, Turkey transferred 430 million Turkish liras to the Turkish Cypriot budget, comprising 5.7% of the GNP, and one-seventh of the state budget. The aid from Turkey had decreased from 7.1% of the budget in 2004.