Turkish Firms’ Hard Currency Borrowing at Home Hits 5-Year High
Turkish companies are betting on lira stability as they accumulate the highest levels of foreign-currency debt in five years.
Hosted on MSN1mon
USD/TRY forecast: Turkish lira crashes ahead of CBRT rate cut
The Turkish lira crashed to a record low after Donald Trump’s swearing-in and as traders wait for the next interest rate decision. The USD/TRY exchange rate rose to a record high of 35.60 ...
World Finance3y
Lira depreciation leaves Turkish banks vulnerable
The value of the Turkish lira shot up by four percent. Within just four months in office, Ağbal managed to put out the fires surrounding the fragile Turkish economy. During his tenure, the lira ...