Down a dimly lit alleyway tucked just inside Istanbul’s Grand Bazaar, a few dozen men are packed together, shouting, waving, and frantically speaking on their phones, others nervously pacing. This ...
Summary:Persistent inflation and negative real yields continue to cap the Turkish lira’s upside Policy divergence between ...
Summary:USD/TRY remains pinned near record highs as structural pressure on the Turkish lira persists Inflation, negative real yields, and policy credibility continue to cap any meaningful lira ...
Arabian Gulf Business Insight on MSN
Soaring gold outweighs fall in Turkish currency reserves
Hikes in the price of gold have boosted Turkey’s international reserves, more than covering a dip in foreign-currency holdings to below historic averages. Gold has gained more than 65 percent over the ...
ISTANBUL, May 2 (Reuters) - Turkey's central bank will set up a Turkish lira-for-gold swap transaction market as of May 6, broadcaster Bloomberg HT reported on Thursday. The central bank, which would ...
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