Foreign currency

Business
18/02/2023
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Turkish central bank asks banks to widen FX, gold transaction spreads
Turkiye’s central bank has asked banks to widen the spread for gold and foreign currency transactions to curb foreign currency…
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Business
20/01/2023
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CBRT will pay 4.5% interest on foreign currency brought over the required reserve amount
The Central Bank of the Republic of Turkiye (CBRT) will pay 4.5% interest to the foreign currency accounts they will…
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Business
19/01/2023
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Turkiye central bank holds rate at 9 percent, inflation to dip from 64 percent
Turkiye’s central bank held interest rates at 9 percent for a second straight month on Thursday, and analysts said it…
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Business
21/12/2022
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Turkiye: Action plan to fight informal economy unveiled
The government has launched the action plan to fight informal economy for 2023-2025, Treasury and Finance Minister Nureddin Nebati has…
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Business
23/10/2022
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Turkiye halts lending to more FX-rich firms to boost lira
Turkiye tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up more…
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Business
08/07/2022
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Turkiye: Credit facility from BRSA to companies
BRSA has brought document convenience to companies that will use credit. Companies that receive loans will be able to make…
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Money
28/06/2022
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Turkish banking watchdog announces details of commercial loans decision
Turkiye’s banking watchdog has announced the details of commercial loans decision revealed on June 24, while emphasizing that the decision…
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Local Turkiye
21/05/2022
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Turkish Central Bank reserves at $106.9B in April
Bank’s foreign currency reserves rise 3%, gold reserves down 1.3% The Turkish Central Bank’s reserves rose to $106.9 billion as…
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Business
20/04/2022
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Foreign currency-indexed securities will be sold in Turkish Lira
The Ministry of Treasury and Finance made two critical adjustments in the legislation to protect the value of the Turkish…
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Business
02/04/2022
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Standard & Poor’s (S&P) affirmed Turkey’s foreign currency credit rating
International credit rating agency Standard Poor’s (SP) confirmed Turkey’s foreign currency credit rating as “B+”. In the statement made by…
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