As 1 USD equals to more than 7 Turkish Liras, Turkish authorities are quick to blame others…

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London investors said to manipulate lira; bans and heavy fines to follow | Ahval

Turkey blocks 3 foreign banks from FX transactions

 

Turkish economy to shrink for first time in a decade this year: Poll

Turkey has blocked three foreign banks – BNP Paribas, Citibank and UBS – from doing foreign exchange transactions with the Turkish Lira, the nation’s banking watchdog announced on May 7.

Turkish lira succumbs to pressure and weakens past 7 to dollar

The Financial Times – Eva Szalay in London and Laura Pitel in Ankara – May 1, 6:42 AM

Turkey’s battle to defend its currency against the US dollar has suffered a setback after intense selling pressure pushed the lira to a level last seen in the country’s 2018 currency crisis. The currency weakened past 7 to the dollar on Friday

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Turkey’s ruling ‘People’s Alliance’ fails to gather enough votes to form gov’t

Duvar English by Azra Ceylan

A recent poll revealed the ruling Justice and Development Party (AKP) and alliance partner Nationalist Movement Party (MHP) to fail to collect 51 percent of votes, the amount needed to form a government.

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