Page 9 - Nevzat Devranoglu News Today

Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due to rising foreign currency demand as May elections approach, bankers said on Tuesday.

ANKARA (Reuters) - Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due to r...

ANKARA (Reuters) - Turkish central bank total gross reserves are expected to have fallen more than $5 billion to about $116 billion last week due to rising foreign currency demand as May elections approach, bankers said on Tuesday. | 02:20am

ANKARA (Reuters) - Turkey's central bank has been urging banks in recent weeks to avoid steps that could create demand for foreign currency as May elections loom, and to instead focus on new targets that involve monthly conversions of up to 5% of forex deposits to lira, bankers said. | 07:01am

By Nevzat Devranoglu ANKARA (Reuters) - Turkey's central bank has been urging banks in recent weeks to avoid steps that could create demand for foreig...

Turkish companies facing forex payments will be able to open lira accounts protecting against depreciation without needing to convert foreign exchange, and a central bank source said on Thursday there would no limit on the interest rate offered.

A Turkish parliamentary commission accepted late on Monday a draft bill that includes a rise in minimum monthly pension payments which will cost the state 150 billion lira ($7.86 billion) this year.

ANKARA (Reuters) - Turkey's ruling AK Party presented a draft law to parliament on Wednesday aimed at establishing a competitive natural gas market as the country attempts to become a gas trading hub bringing together suppliers and consumers.

Turkish opposition leader Kemal Kilicdaroglu emerged on Monday as the main challenger to President Tayyip Erdogan in landmark elections expected on May 14, after a six-party alliance picked him as expected as its presidential candidate.

ANKARA/PAZARCIK, Turkey (Reuters) -President Tayyip Erdogan indicated on Wednesday that elections will be held on May 14, sticking to his previous plan for the vote with a date just over three months after a devastating earthquake killed more than 45,000 people in Turkey.