• Gold futures trading in Turkey doubles during lira's wild rollercoaster ride

    1 month ago - By RT

    The raging diplomatic row between Ankara and Washington has put immense pressure on the Turkish lira and as a result, gold futures trading has nearly doubled in the country as investors scramble for traditional safe havens.
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  • Turkey favors switching from dollars to national currencies in trade with Russia & China

    Turkey favors switching from dollars to national currencies in trade with Russia & China

    1 month ago - By RT

    Ankara has given a green light to Moscow's proposal to switch to ruble-lira trade between the countries. Turkey also has similar plans for trade with China and other countries.
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  • The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs

    1 month ago - By Chron

    Evan Vucci/AP
    Turkey's currency, the lira, bounced back sharply on Wednesday morning, falling back below six per dollar.
    It appears that the move was triggered by the introduction of new rules by the BDDK - Turkey's banking watchdog - designed to stop investors betting against domestic assets.
    The lira remains more than 14% from this time last week.
    Also on Wednesday, the Turkish government doubled tariffs on a number of US imports, including cars and alcohol.
    LONDON - Turkey's downtrodden currency, the lira, surged on Wednesday morning hours after the country's government hit back at what...
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  • Stocks, emerging currencies, lick wounds as lira bounces for second day

    1 month ago - By Reuters

    Action from Turkey's central bank pushed the lira higher for a second day on Wednesday, helping European stocks and emerging currencies consolidate recent losses though the dollar ensconced at 13-month highs kept up the pressure on world markets.
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  • Russia proposes deal with Turkey to ditch US dollar for lira-ruble trade amid currency crisis

    1 month ago - By RT

    Moscow is still interested in trading with Ankara using the Russian ruble and Turkish lira, according to the Kremlin. Both currencies have been falling against the greenback, with lira setting new record lows every day.
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