currency
- Business
Foreign Currency Deposits Rise by $1.4 Billion in a Week
Foreign currency holdings by residents in Türkiye increased by $1.45 billion in the week ending October 10, according to the…
Read More » - Turkiye
Turkiye’s Central Bank Rules Out New High-Denomination Lira Notes Amid Inflation and Digital Shift
The Central Bank of the Republic of Türkiye (CBRT) has clarified that it has no plans to issue new Turkish…
Read More » - Turkiye
Istanbul’s Cost of Living Surges as Inflation Pressures Mount in Turkiye
The cost of living in Istanbul rose sharply in September, with average monthly expenses for a family of four reaching…
Read More » - Business
Turkish Currency-Protected Deposits Decline as Central Bank Ends Scheme
According to the Banking Regulation and Supervision Agency’s (BDDK) weekly bulletin, currency-protected Turkish lira (TL) deposit and participation accounts declined…
Read More » - Turkiye
Turkiye’s Central Bank Reserves Hit Record $180.1 Billion as Gold Holdings Surge
As of Sept. 5, international reserves up 1% compared to previous week, gold reserves climb 4.1% The Turkish Central Bank’s…
Read More » - UAE
UAE Banks Raise Foreign Transaction Fees to 3.14%, Consumers Seek Alternatives
Foreign transaction fees will be hiked by UAE banks to 3.14% from 2.09% from September 22 UAE residents are facing…
Read More » - Turkiye
Turkiye’s Manufacturing PMI Rises to 47.3, Signals Easing Sector Pressures
The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI) remained below the 50 no-change mark in August but…
Read More » - Turkiye
Turkish central bank terminates foreign-exchange-protected deposits
Türkiye’s Central Bank will terminate the opening and renewal of foreign-exchange-protected deposits (KKM) as of Aug. 23, it said Saturday.…
Read More » - Turkiye
BIST 100 Opens Higher as Turkish Markets Show Early Gains
BIST 100 index gains around 26.5 points at Wednesday’s open Türkiye’s benchmark stock index opened Wednesday at 10,876.44 points, up…
Read More » - UAE
Indian rupee near record lows against UAE dirham, remittance activity surges
The rupee has approached record lows, trading around ₹23.91 per AED The Indian rupee has recently witnessed a sharp decline…
Read More »