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Turkish Lira Plunges Further as Erdogan Fails to Assuage Investors

Turkey’s currency plunged again, rattling other vulnerable emerging markets, as a defiant speech from President Erdogan and policy moves from the nation’s central bank failed to assuage investors......»»

Category: topSource: wsjAug 13th, 2018

Turkish Lira Plunges Further as Erdogan Fails to Assuage Investors" Concerns

Turkey’s currency plunged again, rattling other vulnerable emerging markets, as a defiant speech from President Erdogan and policy moves from the nation’s central bank failed to assuage investors’ concerns......»»

Category: europeSource: wsjAug 13th, 2018

Turkish Lira Plunges Then Soars After CBRT Cuts Benchmark Rate By A Whopping 425bps

When Turkish president Erdogan sacked the now former Turkish central bank head Ceitnkaya two weeks ago because the latter refuse.....»»

Category: blogSource: zerohedgeJul 25th, 2019

Lira Crashes After Erdogan Unexpectedly Fires Turkey"s Central Bank Governor

Just as glimm.....»»

Category: blogSource: zerohedgeJul 7th, 2019

Turkish Lira Resumes Plunge After Erdogan Grants Himself Power To Appoint Central Bank Governor

One day after a newly sworn in Turkish president Erdogan, now with sweeping executive p.....»»

Category: blogSource: zerohedgeJul 10th, 2018

"Speculators And Economic Terrorists Will Pay": Lira Plunges After Latest Erdogan Speech

With interventions by both the Turkish banking regulators and the country's central bank failing to halt the collapse in the lira, President Erdogan decided to giv.....»»

Category: blogSource: zerohedgeAug 13th, 2018

Turkish Lira Falls Further as Erdogan Fails to Assuage Investors" Concerns

Turkey’s currency dropped again, rattling other vulnerable emerging markets, as a defiant speech from President Erdogan and policy moves from the nation’s central bank failed to assuage investors’ concerns......»»

Category: europeSource: wsjAug 13th, 2018

The Turkish lira plunges after report says central bank deputy governor will resign

Matt Dunham - WPA Pool/Getty Images The Turkish lira was down as much as 5% against the do.....»»

Category: topSource: businessinsiderAug 30th, 2018

Turkey says it will ban the use of cryptocurrencies as a form of payment

Cryptocurrencies have surged in popularity in Turkey as the lira has weakened and inflation has risen, but the central bank is now stopping this. Turkey's Central Bank Governor Kavcioglu in Ankara REUTERS The Tu.....»»

Category: smallbizSource: nytApr 16th, 2021

Europe Markets: Lira and Turkish stocks collapse after Erdogan fires central bank chief, as other emerging market currencies struggle

Turkey's currency and stocks collapsed after the abrupt termination of its central bank head, a move that led investors to take a cautious stance toward risky assets on Monday......»»

Category: topSource: marketwatchMar 22nd, 2021

Turkish lira crashes as much as 14% after the firing of the head of the central bank sparks market turmoil

The lira is tumbling, as well as domestic stocks and bonds, after the Turkish premier installed the third governor in two years. .....»»

Category: personnelSource: nytMar 22nd, 2021

The Wall Street Journal: New head of Turkey’s central bank tries to reassure markets after shakeup

Turkey’s newly appointed central bank governor sought to reassure markets on Sunday as investors braced for turmoil following the abrupt firing of his predecessor by President Recep Tayyip Erdogan......»»

Category: topSource: marketwatchMar 21st, 2021

Why Erdogan Aims to Seize Stake in No. 2 Turkish Bank

Turkish President Recep Tayyip Erdogan has already brought the central bank under his control, ousting the governor and installing a successor to drive interest rates lower and try to turbo-charge economic growth. Now he’.....»»

Category: topSource: washpostFeb 17th, 2020

Why Erdogan Aims to Seize Stake in No. 2 Turkish Bank: QuickTake

Turkish President Recep Tayyip Erdogan has already brought the central bank under his control, ousting the governor and installing a successor to drive interest rates lower and try to turbo-charge economic growth. Now he’.....»»

Category: topSource: washpostFeb 17th, 2020

Erdogan: Turkey To Finish Testing Digital Lira In 2020

Erdogan: Turkey To Finish Testing Digital Lira In 2020 Authored by Helen Partz via CoinTelegraph.com, Turkey's President Recep Tayyip Erdogan directed that the government should finish testing the national central bank.....»»

Category: blogSource: zerohedgeNov 6th, 2019

ECB governor accused of bribery in Latvia corruption trial

Latvia's central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor......»»

Category: topSource: reutersNov 4th, 2019

Emerging Markets Report: Turkish lira drops after Erdogan boots central-bank chief

Turkish President Recep Tayyip Erdogan’s decision over the weekend to oust the country’s top central banker might make U.S. President Donald Trump jealous, but it runs the risk of sending Turkey into a full-blown currency crisis, analysts said Monday......»»

Category: topSource: marketwatchJul 8th, 2019

Asian shares subdued on dampened U.S. rate cut expectations

Asian shares slipped on Monday as investors wagered on a less aggressive policy easing in the United States, while the Turkish lira held near two-week lows after the country's president dismissed its central bank governor over the weekend......»»

Category: topSource: reutersJul 7th, 2019

In Shocking Move, Erdogan Unexpectedly Fires Turkey"s Central Bank Governor

Just as glimmers of hope were starting to emerge th.....»»

Category: blogSource: zerohedgeJul 6th, 2019

Lira Plunges Below 6 As "Turkey Nears The Rubicon"

It was only a matter of time. With the Turkish central bank rapidly running out of foreign reserves to deflect a tsunami of domestic lira selling, now that its pig lipstick.....»»

Category: blogSource: zerohedgeMay 6th, 2019