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Tuesday, September 13 2011 , Your time is 15:58:00
Turkey’s main stock exchange, Borsa Istanbul, has become the first institution to convert all of its cash assets into the Turkish Lira
President Recep Tayyip Erdoğan called on Turkish citizens on Dec. 2 to convert their foreign exchange into gold or the Turkish Lira, adding that there was no option other than cutting interest rates to spur growth
The Turkish Lira hit another record low against the U.S. dollar on Nov. 18, having fallen more than 8 percent so far this week, hit by a statement by the head of U.S. Federal Reserve chairwoman and signs of more discord between Turkey and Europe
The U.S. dollar reached a historic high of 3.4998 Turkish Liras on Dec. 1 in the afternoon, as the euro rose to 3.7162, again an all-time high
HONG KONG - Agence France-Presse
Share markets plunged on Nov. 9 and the dollar tumbled against the yen and the euro as Donald Trump was elected U.S. president, in a stunning upset with major implications for the world economy
ISTANBUL - Reuters
The Islamic Development Bank (IDB) will seek a strategic stake in Turkey’s main stock exchange and collaborate on developing a gold trading platform for use by majority-Muslim countries, part of a broad agreement signed on Nov. 23
The Turkish Lira hit another all-time record low against the U.S. dollar at 3.185 early on Nov. 8, as concerns about pressure on opposition circles rise, despite an optimistic mood in global markets ahead of the U.S. presidential election
Turkey’s Central Bank raised its benchmark interest rate by 50 basis points on Nov. 24 in an unexpected move, ordering the first increase in nearly three years, as a skyrocketing U.S. dollar and domestic worries continue to batter the Turkish Lira.
The Bank of China will likely start operations in Turkey by the end of 2016, the head of Turkey’s banking watchdog has told Anadolu Agency.
Odeabank, the subsidiary of Bank Audi in Turkey, and airliner Atlasglobal have jointly launched a new credit card, and target the issuing of 500,000 new credit cards.
CAIRO - The Associated Press
The Egyptian pound is trading in banks at around 16 to the dollar, down from the 13-pound peg the Central Bank set as a guiding exchange rate when it floated the currency last week
Turkish Prime Minister Binali Yıldırım will convene top economy officials to discuss the Turkish Lira’s weakness and other economic issues for the second time in five days on Nov. 22
Applications to restructure receivables in Turkey have risen to record high of 46 billion Turkish Liras ($14.8 billion), Finance Minister Naci Ağbal has said.