Arab Today, arab today turkish lira under new pressure despite bank moves
Last Updated : GMT 07:08:14
Arab Today, arab today
Arab Today, arab today

Turkish lira under new pressure despite bank moves

Arab Today, arab today

Arab Today, arab today Turkish lira under new pressure despite bank moves

Turkey's lira came under new pressure against the dollar
Istanbul - AFP

Turkey's lira on Tuesday came under new pressure against the dollar despite a series of measures by the central bank aimed at shoring up confidence in the embattled currency.
The lira has hit all-time lows in value against the dollar over the last month as investors took fright at repeated personal attacks by President Recep Tayyip Erdogan on central bank chief Erdem Basci.
Erdogan is to meet with Basci in Ankara on Wednesday to smooth relations that will be closely watched by the markets.
The lira on Tuesday lost value to trade at 2.635 to the dollar, near its record low of 2.647 reached on Friday. The Istanbul stock exchange meanwhile lost 3.31 percent to reach its lowest points value for four months.
The bank Tuesday adjusted its demands on forex requirements and reserve liquidity, the latest in a series of moves to support the currency.
On Monday, the bank had cut the rates it pays for deposits by commercial banks in both dollars and euros, a move that had briefly halted the slide in the value of the lira.
Erdogan has been pressuring the nominally independent Turkish central bank to cut interest rates to stimulate flagging growth ahead of June legislative elections.
After a visit to New York to convince US investors about the health of Turkey's economy, Prime Minister Ahmet Davutoglu held an emergency meeting this weekend with the central bank governor and ministers in charge of the economy, Turkish media reported.
Davutoglu on Tuesday also summoned Basci and other key economic policymakers for a meeting but denied there was any crisis in relations between the central bank and the government.
Erdogan has launched a series of lacerating attacks on Basci, accusing him of acting on behalf of Turkey's enemies.
Markets have been spooked by rumours that Basci and the Turkish government's economic pointman Ali Babacan could resign but the pair so far have stayed in their posts.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkish lira under new pressure despite bank moves Arab Today, arab today turkish lira under new pressure despite bank moves

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday