Page 16 - Nevzat Devranoglu News Today

By Nevzat Devranoglu and Jonathan Spicer ANKARA (Reuters) - Turkey's lira was on track for its strongest week on record on Friday, having spiked 44% w...

Turkeys lira was on track for its strongest week on record on Friday, having spiked 44% with the support of billions of dollars of state-backed market interventions and a promise that the...

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By Ebru Tuncay and Ceyda Caglayan ISTANBUL (Reuters) - Turkish banks reacted to the government's new lira-defence scheme by jacking up loan rates in a...

By Nevzat Devranoglu and Jonathan Spicer

ANKARA — Turkey’s lira closed out its strongest week on record on Friday, spiking more than 50% with the support of billions of dollars of state-backed market…

By Nevzat Devranoglu and Jonathan Spicer

The Turkish currency was highly volatile again on Tuesday as traders digested measures proposed by President Tayyip Erdogan and the Turkish central bank to guard local currency savings against...

ANKARA (Reuters) - Turkey's lira gained more steam and was up 7% on Tuesday following a historic 25% recovery from record lows, after President Tayyip Erdogan unveiled a plan he said would guarantee local currency deposits against market fluctuations.

Turkeys lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....