Tuesday, September 13 2011 , Your time is 15:58:00
The Turkish lira dropped to a record low of 2.5185 against the dollar on Feb. 27
President Recep Tayyip Erdoğan’s continued harsh criticisms of the Central Bank have raised concerns about the future of its governor, Erdem Başçı, as well as Deputy Prime Minister Ali Babacan
Turkey needs to rebuild trust to attract more investments so as to avoid the middle-income trap, said the World Bank Country Director for Turkey, Martin Raiser.
ANKARA - Reuters
Turkish President RecepTayyip Erdoğan on Feb. 25 questioned whether the Central Bank was under external influence, saying its interest rate policy was not suitable for the economy.
Turkish Central Bank announced a 25 basis points cut in its headline interest rate
A report claims that around $1 billion in cash has been smuggled into Iran since March 2014 from Dubai and Turkey
NEW YORK - Reuters
Turkey cut it gold holdings for a second straight month in January, a period when the price of the precious metal rose the most in three years, International Monetary Fund (IMF) data showed on Feb. 24
ATHENS - Agence France-Presse
Confidence is returning in Greece with money deposited in banks following an extension of the stricken eurozone country's bailout after weeks of huge withdrawals, Athens' finance minister was quoted as saying on Feb. 26
Greece secured a four-month extension of its financial rescue yesterday when its eurozone partners approved a reform plan that backed down on key leftist measures and promised that spending to alleviate social distress would not derail its budget
ANKARA - Anadolu Agency
Turkey will make payments totaling 2 billion Turkish Liras ($815 million) to support farmers for fuel, fertilizer and forage crop purchases at the end of February, PM Davutoğlu announced
ISTANBUL - Reuters
İşbank said Feb. 23 all its activities were in line with Turkish banking laws and said it had observed “incorrect” reports about its activities.
According to data in the annual real estate report of international real estate consultancy firm Cushman & Wakefield, Istanbul’s İstiklal Avenue, Bağdat Avenue and Abdi İpekçi Avenue ranked in the top 10 streets for rent increases in the world.
ANKARA/JEDDAH - Anadolu Agency
The global economy’s largest problem is a credibility gap, rather than budget deficits, said Deputy Prime Minister Ali Babacan at the first B-20 meeting abroad during Turkey’s G-20 presidency
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