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Turkish PM blames ‘manipulators’ for depreciation of lira

Prime Minister Binali Yıldırım has blamed “manipulators” for the Turkish Lira’s dramatic losses, claiming that recent fluctuations “do not reflect the economic realities” of the country

Turkish PM blames ‘manipulators’ for depreciation of lira

Turkish Central Bank has many instruments to combat ‘speculative’ lira moves: Minister ANKARA The Central Bank has many instruments to counter “speculative” moves around the struggling Turkish Lira and its hands are not bound by political pressure, Economy Minister Nihat Zeybekci claimed on Jan. 13 Comment(s) 1/13/2017	Turkey’s gold imports surge 688 pct in December after Erdoğan’s call ISTANBUL Gold imports to Turkey jumped to 36.7 tons in December recording a 688 percent increase compared to the same month in 2015, data from Borsa Istanbul showed on Jan. 4, as reported by Reuters. Comment(s) 1/4/2017
Turkish Lira rebounds, emerging stocks at 2-month highs LONDON - Reuters The Turkish Lira rebounded on Jan. 12 as dollar weakness helped it move off record lows while emerging stocks rose to two-month highs, led by strong gains in Russia and some Asian bourses Comment(s) 1/12/2017	Turkish Lira at new record low on inflation, security concerns LONDON - Reuters The Turkish lira hit a fresh record low on Jan. 3, pummeled by higher-than-expected inflation and security worries, though strong Chinese factory activity data boosted broader emerging equities to near three-week highs Comment(s) 1/3/2017
Turkish Lira continues fall as Central Bank measures fail to impress ISTANBUL Turkey’s embattled lira took a new pounding on Jan. 11 on foreign exchange markets as emergency measures announced by the Central Bank failed to impress markets Comment(s) 1/11/2017	Turkey’s state-run lender applies to borrow up to $4 billion ANKARA Turkey’s state-run Ziraat Bank has applied to the Capital Markets Board (SPK) to issue debt instruments of up to $4 billion abroad, an SPK bulletin stated on Dec. 28 Comment(s) 12/28/2016
Turkish Central Bank fights to arrest lira’s fall ANKARA/ISTANBUL The Central Bank has responded to the Turkish Lira’s historic plunge by cutting forex required reserves, in a move adding $1.5 billion in liquidity to the financial system, vowing additional steps if necessary Comment(s) 1/10/2017	Three foreign lenders show strong interest in Turkey: Banking watchdog ISTANBUL - Anadolu Agency Three foreign banks have voiced strong interest in Turkey and they are likely to enter Turkish markets in 2017, Mehmet Ali Akben, the Banking Regulation and Supervision Agency (BDDK) head, has said Comment(s) 12/26/2016
Turkish Lira tumbles to new record low against dollar ANKARA Turkey’s currency weakened to a record low against both the U.S. dollar and euro on Jan. 9 as expectations of faster tightening by the U.S. Federal Reserve added to domestic economic and political pressures Comment(s) 1/9/2017	China’s outward investment tops $161 bln in 2016: Minister BEIJING - Reuters China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19 billion) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao Hucheng said on Dec. 26 Comment(s) 12/26/2016
Turkish Lira slides to new record lows against dollar, euro ISTANBUL The Turkish Lira slid to a new record low against the U.S. dollar and euro due to ongoing security concerns and economic problems on Jan. 5, Doğan News Agency reported Comment(s) 1/5/2017	US hits Credit Suisse, Deutsche Bank with toxic debt penalties ZURICH/FRANKFURT - Reuters Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe’s leading investment banks as they struggle with weak earnings Comment(s) 12/23/2016

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