Turkish Central Bank intervenes to curb 'unhealthy' lira losses - Al-Monitor: The Middle Eastʼs leading independent news source since 2012

Diego Cupolo

Diego Cupolo

Dec 1, 2021

A man walks past a currency exchange agency near Grand Bazaar in Istanbul on Nov. 24, 2021, in Istanbul. — A man walks past a currency exchange agency near Grand Bazaar in Istanbul on Nov. 24, 2021, in Istanbul. The Turkish lira plunged to record lows after the president stuck to his support for interest rate cuts, warning his country was in a "war of economic independence." — OZAN KOSE/AFP via Getty Images

People shop at an open-air market in Ankara.

Turkish inflation nears 20% on rising food, energy costs

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Turkey economy

Erdogan vows to keep fighting interest rates

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A currency exchange office worker works at an exchange office in Istanbul, on August 6, 2020 as Turkey's lira set a new record low against the US dollar. - Turkey's lira was trading at 8.03 against the dollar at around 0730 GMT, suffering a loss of nearly one percent since the beginning of the day. The Turkish currency also recorded its lowest level against the euro, trading near 9.52. (Photo by Yasin AKGUL / AFP) (Photo by YASIN AKGUL/AFP via Getty Images)

Inflation rises in Turkey as lira falls for ninth consecutive day

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Turkey's Finance Minister Mehmet Simsek speaks during a breakout session on Creating Competitive Economies at the Qatar Economic Forum in Doha on May 15, 2024. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Turkey returns $5B deposit to Saudi Arabia amid economic recovery

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