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Tuesday, September 13 2011 , Your time is 15:58:00
Officials from the Islamic Development Bank and the Turkish Islamic Banks’ Association (TKBB) signed a cooperation deal for financing infrastructure projects on May 25, Reuters has reported.
LONDON - Agence France-Presse
Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said in a report on Feb. 3.
The Central Bank’s Monetary Policy Committee (PPK) is set to meet on Jan. 24 to make a key decision on raising, holding or lowering interest rates, after recent sharp losses in the value of the Turkish Lira.
Deutsche Bank has agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia, the latest in a string of penalties that have hammered the German lender’s finances.
LONDON - Reuters
Emerging market stocks fell on Jan. 19 and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar.
ANKARA - Anadolu Agency
The Turkish Central Bank has reduced its number of Monetary Policy Committee (MPC) meetings from 12 to eight times a year, the bank said Jan. 28.
The Central Bank will not hesitate to take whatever steps are necessary after sharp falls in the Turkish Lira, Prime Minister Binali Yıldırım told reporters on Jan. 17 after a meeting the day before with top economy officials and President Recep Tayyip Erdoğan
Ratings agency Fitch downgraded Turkey's sovereign debt to "junk" late on Jan. 27, snuffing out its last remaining investment grade by underlining deepening concerns over the country's political and security developments
Şebnem Turhan - ISTANBUL
Economist Tim Ash, who has followed Turkey closely for almost two decades, has said the losses in the Turkish Liras are of “great concern” amid broader uncertainty, but the issue can be addressed if the Central Bank moves rapidly
Turkey’s Central Bank on Jan. 24 increased the upper limit of its interest rate corridor to 9.25 percent from 8.5, a move that proved fruitless on the ailing Turkish Lira.
The Turkish Central Bank skipped its one-week repo auction on Jan. 16, aiming to boost the Turkish Lira by reducing the amount of local currency circulating in markets
A state of emergency decree has listed fields that indebted Turkish companies can payback to at a stable exchange rate, which is significantly below the current free market rate, amid Turkish authorities’ efforts to curb the rise of the U.S. dollar against the Turkish Lira
Hande Fırat - ANKARA
Prime Minister Binali Yıldırım has blamed “manipulators” for the Turkish Lira’s dramatic losses, claiming that recent fluctuations “do not reflect the economic realities” of the country