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The Turkish lira is the currency of Turkey and the Turkish Republic of Northern Cyprus (recognized only by Turkey). The new Turkish lira was introduced in 2005, dropping 6 zeros from the old lira. Turkey is one of the major world producers of agricultural commodities and steel.

Turkish Lira News Archive


Bad News Makes Turkish Lira Unappealing for Investors

The Turkish lira sank today after the series of bad news made the currency look very unappealing to investors.

Lira Little Changed After Turkish Central Bank Refrains from Rate Cut

The Turkish lira was little changed today after the nation’s central bank made a surprise decision to keep interest rates unchanged.

Turkish Lira at Record Low

The Turkish lira fell to the record low, being under pressure from fundamentals both domestic and from abroad.

Turkish Lira Bounces After Earlier Drop

The Turkish lira rose a bit today after falling earlier on the news that Turkey launched a military strike in Syria against Islamic State militants.

Gains of Turkish Lira Limited by Terrorist Attack

The Turkish lira rose against the US dollar together with other currencies but the gains were limited due to the terrorist attack in Istanbul.

Turkish Lira Stable After Central Bank Cuts Interest Rate

The Turkish lira was little changed against the US dollar and the euro today after the nation’s central bank made a surprise decision to cut interest rates, including the key Marginal Funding Rate.

Turkish Lira Bounces, Following Improving Market Sentiment

The Turkish lira bounced after falling earlier today. The currency got a boost from the improving market sentiment as well as positive domestic macroeconomic data.

Turkish Lira Weakens on Monetary Policy & Risk Aversion

The Turkish lira fell against the US dollar today after the nation’s central bank kept interest rates unchanged, refraining from monetary tightening. The crash of the Russian warplane, shot by Turkish military forces, fueled risk aversion and thus the weakness of the currency.

Turkish Lira Falls After Central Banks Keep Rates on Hold

The Turkish lira fell against the US dollar today even though the nation’s central bank maintained its tight monetary policy.

Turkish Lira Holds Ground After Central Bank Maintains Interest Rates

The Turkish lira rose a little versus the US dollar and traded sideways against the euro following yesterday’s decision of the Turkish central bank to hold interest rates steady.