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Turkey’s lira

Iranpress: Turkish inflation soars to 36%, highest in Erdogan era

Turkish inflation soars to 36%, highest in Erdogan era

Tuesday, 04 January 2022 02:39

Turkey's annual inflation rate surged to 36.1% last month, its highest in the 19 years that Tayyip Erdogan has ruled, laying bare the depths of a currency crisis engineered by the president's unorthodox interest rate-cutting.

Iranpress: Turkey

Turkey's inflation exceeding 30%: Reports

Wednesday, 29 December 2021 00:55

Turkey's annual inflation rate is expected to have hit 30.6% in December, breaching the 30% level for the first time since 2003 as prices rose due to record lira volatility.

Iranpress: Turkish stock trading halted again due to rapid losses

Turkish stock trading halted again due to rapid losses

Tuesday, 21 December 2021 03:22

Turkish stocks extended their losses following Friday’s rout, prompting a fresh automatic trading halt after the lira slid to a record low.

Iranpress: Thousands protest in Turkey against economic crisis

Thousands protest in Turkey against economic crisis

Monday, 13 December 2021 03:17

Thousands of workers and trade union members gathered in Kartal, Istanbul, on Sunday, to protest against the Turkish economic crisis and ask for higher minimum salaries.

Iranpress: Turkish president arrives in Doha to meet with Qatari officials

Turkish president arrives in Doha to meet with Qatari officials

Tuesday, 07 December 2021 01:48

Turkish President Recep Tayyip Erdogan arrived in Doha on Monday at the head of a delegation to attend a meeting of the country's High Strategic Committee.

Iranpress: Turkish people protest against Erdogan

Turkish people protest against Erdogan's government over lira collapse

Wednesday, 24 November 2021 06:18

Turkish people took to the streets on Tuesday night to protest the deteriorating economic situation and the devaluation of the Turkish lira against the US dollar.

Iranpress: Turkish lira hits record low as central bank cuts interest rate

Turkish lira hits record low as central bank cuts interest rate

Friday, 19 November 2021 01:35

The Turkish lira sank to a record low against the dollar on Thursday after the central bank slashed interest rates for the third consecutive month following pressure to do so from the president.

Iranpress: Turkey’s lira hits new low as investors lose faith

Turkey’s lira hits new low as investors lose faith

Friday, 04 June 2021 07:46

The Turkish central bank’s current governor sought to reassure big foreign investors that worries about premature rate cuts were unjustified.

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