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  2. Turkish lira - Wikipedia

    en.wikipedia.org/wiki/Turkish_lira

    After periods of the lira pegged to sterling and the franc, a peg of TL 2.8 = US$1 was adopted in 1946 and maintained until 1960, when the currency was devalued to TL 9 = US$1. From 1970, a series of hard, then soft pegs to the dollar operated as the value of the Turkish lira began to fall.

  3. List of countries by exchange rate regime - Wikipedia

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

    US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica

  4. Lira - Wikipedia

    en.wikipedia.org/wiki/Lira

    Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.It is also the name of several former currencies, including those of Italy, Malta and Israel.

  5. Turkey's central bank just made a surprise rate cut even as ...

    www.aol.com/news/turkeys-central-bank-just-made...

    The lira fell against the dollar. Turkey's rate cut to 13% from 14% was unexpected, with all 21 economists surveyed by Bloomberg expecting no change. The lira fell against the dollar.

  6. EMERGING MARKETS-Turkey's lira tumbles on worries of ... - AOL

    www.aol.com/news/emerging-markets-turkeys-lira...

    The Turkish lira resumed its sharp fall on Wednesday on investor worries of a full-blown currency crisis and as a firm dollar made it more vulnerable to a squeeze, while emerging market stocks ...

  7. Economy of Turkey - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Turkey

    A period of strong economic growth between 2002 and 2013 (except for 2009) [41] was followed by a period of stagnation and recession in terms of USD-based nominal GDP figures between 2014 and 2020, [41] especially during the 2018 Turkish currency and debt crisis; even though Turkey's USD-based GDP-PPP and TL-based nominal GDP have continued to ...

  8. US can prosecute Turkish bank in Iran sanctions case, US ...

    www.aol.com/news/no-immunity-turkeys-halkbank...

    U.S. prosecutors charged Halkbank in 2019 over its alleged use of money servicers and front companies in Iran, Turkey and the United Arab Emirates to evade sanctions.

  9. 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 ...

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