New Turkish lira

In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 6:46 am
ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central bank governor, reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat...
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FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)
September 13, 2018 - 8:34 am
SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by...
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September 10, 2018 - 4:12 am
ANKARA, Turkey (AP) — Official data show that Turkey's economy slowed in the second quarter of 2018 as its currency was sliding. The figures released Monday by the Turkish Statistics Institute indicated that the economy grew by 5.2 percent in the second quarter compared with a year earlier. That is...
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August 31, 2018 - 3:11 am
ANKARA, Turkey (AP) — Turkey has raised a tax on foreign currency deposit accounts and scrapped another on lira savings as it tries to shore up its struggling currency. According to a decision published in the Official Gazette on Friday, the withholding tax on foreign currency savings of up to six...
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August 27, 2018 - 8:38 am
ANKARA, Turkey (AP) — The Turkish currency has again weakened against the dollar, as Turkey's markets resumed trading after a week-long religious holiday. The Turkish lira was down some 3.5 percent on Monday, trading at around 6.22 against the dollar. The currency has seen a sharp fall in value...
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The damage to a security booth by a shot fired, is seen outside the U.S. Embassy in Ankara, Turkey, Monday, Aug. 20, 2018. Shots were fired at a security booth outside the embassy in Turkey's capital early Monday, but U.S. officials said no one was hurt. Ties between Ankara and Washington have been strained over the case of an imprisoned American pastor, leading the U.S. to impose sanctions, and increased tariffs that sent the Turkish lira tumbling last week. (AP Photo/Burhan Ozbilici)
August 20, 2018 - 12:55 pm
ISTANBUL (AP) — Shots were fired from a moving car at the U.S. Embassy in Turkey before dawn Monday, an attack that came during heightened tensions between the two NATO allies. Officials said two people with criminal records were detained. There were no casualties in the fleeting attack, in which...
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A man walks out of a currency exchange shop in Istanbul, Thursday, Aug. 16, 2018. Beset by a weak currency and tension with the United States, Turkey is reaching out to Europe in an attempt to shore up relations with major trading partners despite years of testy rhetoric and a stalled bid for EU membership. The overtures by Turkish President Recep Tayyip Erdogan, who has harshly criticized Germany and other European nations in the past, are part of a diplomatic campaign to capitalize on international unease over U.S. President Donald Trump and American tariff disputes. (AP Photo/Lefteris Pitarakis)
August 17, 2018 - 11:29 am
ANKARA, Turkey (AP) — The Latest on Turkey's currency crisis and diplomatic dispute with the United States (all times local): 6:30 p.m. U.S. President Donald Trump is condemning the detention of an American pastor in Turkey and warned that "we are not going to take it sitting down." Trump, before...
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Turkey's President Recep Tayyip Erdogan, as he shakes hands with Qatar's Emir Sheikh Tamim bin Hamad Al Thani prior to their talks at the Presidential Palace in Ankara, Turkey, Wednesday, Aug. 15, 2018. Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal _ a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in a feud that has already helped trigger a currency crisis. (Presidential Press Service via AP, Pool)
August 16, 2018 - 7:56 pm
ANKARA, Turkey (AP) — The latest on Turkey's currency crisis (all times local): 2:55 a.m. President Donald Trump is calling on jailed pastor Andrew Brunson to serve as a "great patriot hostage" while he's being held in Turkey. Tweeting on Thursday, Trump says: "Turkey has taken advantage of the...
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People react as they monitor stock prices at a brokerage house in Beijing, Thursday, Aug. 16, 2018. Asian shares are falling as investors fret over slowing economic growth, especially in China. Technology stocks and oil and metals prices skidded overnight on Wall Street. (AP Photo/Andy Wong)
August 16, 2018 - 7:30 am
TOKYO (AP) — Stock markets are higher in European trading as Turkey's currency crisis abated somewhat and after a downbeat day in Asia. Benchmarks in Germany and France rose Thursday while shares in Tokyo, Shanghai and Hong Kong declined. KEEPING SCORE: Germany's DAX added 0.5 percent to 12,221 and...
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People change money at a currency exchange shop in Istanbul, Wednesday, Aug. 15, 2018. The Turkish lira currency has nosedived in value in the past week over concerns about Turkey's President Recep Tayyip Erdogan's economic policies and after the United States slapped sanctions on Turkey angered by the continued detention of an American pastor. (AP Photo/Lefteris Pitarakis)
August 15, 2018 - 12:17 pm
ANKARA, Turkey (AP) — Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal — a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in a feud that has already helped trigger a currency crisis . The...
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