lira

Turkey Reportedly Asking Banks to Limit Purchases of Foreign Currency
Turkey Reportedly Asking Banks to Limit Purchases of Foreign Currency
April 17, 2023  |  Banking

Turkey’s central bank is reportedly taking measures to protect the value of the country’s currency. The measures include asking banks to limit the amount of...

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Plunging Lira Prevents Turks from Buying iPhones, Electronics
Plunging Lira Prevents Turks from Buying iPhones, Electronics
November 24, 2021  |  International

Apple iPhones and other electronics are out of reach for people in Turkey after the lira continues dropping, losing 40% in value since the start...

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Turkey’s Central Bank Raises Rate Credit Card Lenders Can Charge
Turkey’s Central Bank Raises Rate Credit Card Lenders Can Charge
September 17, 2018  |  Loans

Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a report in Reuters citing...

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Amid Lira’s Lurch, Blockchain As Monetary Policy Fix?
Amid Lira’s Lurch, Blockchain As Monetary Policy Fix?
August 21, 2018  |  Blockchain

Might it be blockchain’s turn to shine amid pockets of economic turmoil? It’s no secret that blockchain is becoming ever more divorced from bitcoin, with...

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In Turkey (And Elsewhere) Devaluation Spurs Value Hunt Among Luxury Goods
In Turkey (And Elsewhere) Devaluation Spurs Value Hunt Among Luxury Goods
August 13, 2018  |  International

The vagaries of currency take on all sorts of meaning to consumers, borrowers and lenders large and small, individual and corporate. Over the last few...

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Lira Slumps, Pressuring Turkish Retailers
Lira Slumps, Pressuring Turkish Retailers
January 24, 2017  |  Retail

The lira, Turkey’s currency, has depreciated significantly over the last several months as measured against the dollar, a trend that Fortune says has hurt retailers...

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