The Turkish lira’s sharp fall on news that Turkish President Recep Tayyip Erdogan’s key rival was arrested will complicate the central bank’s task of lowering inflation, Capital Economics ...

The Turkish lira weakened sharply to a record low against the U.S. dollar and the Istanbul stock market dived after the main opposition challenger to President Recep Tayyip Erdoğan was arrested.

(Bloomberg) -- Turkish lenders sold around $8 billion until midday on Wednesday to support the lira after the currency plunged as much as 11% following the detention of Istanbul Mayor Ekrem ...

The Turkish lira tumbled to a record low against the U.S. dollar, while Turkey's benchmark index dropped up to 7% following the arrest of Istanbul Mayor Ekrem Imamoglu, a leading opposition figure ...

The Turkish lira sank to a record low against the US dollar and fell against the euro on Wednesday, as stocks in Istanbul ...

The Turkish lira (TRY) fell to a record low against the dollar following the surprise arrest of President Recep Tayyip Erdogan's rival and Istanbul mayor Ekrem Imamoglu. The currency slumped a ...

The Turkish lira fell to a record low against the dollar ... other people in Imamoglu's political party. The popular 53-year-old mayor was seen as the next opposition party candidate for the ...

ANKARA, March 19 (Reuters) - Turkey's central bank sold a record amount of foreign currency on Wednesday after the lira dropped more ... Sign up here. The Turkish central bank declined to comment.

Turkish assets fell sharply Wednesday, after police detained Istanbul mayor Ekrem Imamoglu, a rival of President Recep Tayyip Erdogan. The lira weakened more than 3% against the dollar.

Bankers calculate that the Turkish central bank sold a minimum of $5 billion in FX after the lira's crash, while some say it may have already reached $10 billion for the day. Some analysts and ...

The Turkish lira dropped more than 10 per cent before reversing some of the losses. The benchmark Bist 100 index fell 9 per cent, while its benchmark local currency bond had its worst day since 2023.