The purchasing power of the lira is tragically vanishing right before Turkish citizens’ eyes. But the truth is, this currency crisis has been developing for a long time now. Over the last five years, ...

The Turkish lira crashed to a record low after Donald Trump’s swearing-in and as traders wait for the next interest rate ...

The lira was at one point the best performing emerging-market currency of 2021, having recovered almost a fifth from a low against the US dollar. Last week, the Turkish currency rose strongly ...

According to experts, the dip in the rupee happened primarily due to the Turkish lira falling nearly 8% in ... than its neighbours is due to its wide current account deficit that’s already ...