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02
Nov 2024
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Turkish Lira falls to historic low

Bankers said the lira's weakness was due, in part, to a Reuters telegram, citing sources saying that Turkish President Recep Tayyip Erdogan was losing confidence in the central bank Governor

Moody’s Investors Service downgrades 13 Turkish banks

The negative outlooks reflect the downside risks associated with a balance of payments crisis, which could lead to capital controls and restrictions on foreign currency outflows

Erdogan forcing commercial banks to raise their foreign currency in the Turkish central bank

The Turkish President is trying to hold the failing currency

Turk Telekom goes bankrupt sparking panic in Turkish private sector

The Turkish lira continues its fall

Dow Jones loses 200 points amid diplomatic tensions between US and Turkey

Market concerns over geopolitical uncertainty in the wider region

Car-makers leaving Turkey? An opening for Greece

Economic and political turmoil flare up rumours

Turkey’s economy is entering a “slow burning crisis”, analysts warn

"Downward pressure on Turkish assets will be back very soon"