Nevzat Devranoglu

Turkey mulling a return to coronavirus curbs as infections soar

12:58am IST

ANKARA Turkey is considering reimposing some measures to stem a resurgence of coronavirus cases such as stay-home orders for younger and older people or even weekend lockdowns, but will avoid throttling the economic recovery, a senior official said.

Turkey said to consider a return to some coronavirus curbs

21 Oct 2020

ANKARA, Oct 21 Turkey is considering re-imposing some measures to stem rising coronavirus cases such as stay-home orders for younger and older people or even weekend lockdowns, but will avoid hurting the economic recovery, a senior official said.

UPDATE 2-Turkey removes another pandemic measure as lira hovers near all time low

12 Oct 2020

ISTANBUL, Oct 12 Turkey's central bank, faced with a record-low currency and widening current account deficit, further left behind ultra-loose measures adopted during the coronavirus pandemic when it raised on Monday the remuneration rate on required lira reserves.

Turkish lira rebounds from record low after Ankara's rosy forecast

30 Sep 2020

ISTANBUL The lira firmed 1% against the dollar on Wednesday, rebounding from a record low after Turkey unveiled an optimistic medium-term economic programme and also reduced taxes on forex transactions and bank deposits.

Turkey sees sustainable growth, lower C/A deficit in three-year forecast - officials

28 Sep 2020

ANKARA Turkey's new medium-term programme, expected to be announced on Tuesday, will prioritise sustainable growth in the short-term and foresees a significant recovery in the current account deficit, two sources familiar with the plan told Reuters.

Turkish lira skids to new lows as Caucasus clashes weigh

28 Sep 2020

ISTANBUL The lira skidded to record lows against the dollar, euro and pound on Monday amid concern that Turkey could get more involved in a fast-escalating conflict in the Caucasus, despite last week's surprise rate hike meant to support the currency.

Turkish banking watchdog raises banks' forex transaction limits

25 Sep 2020

ANKARA Turkey's banking watchdog (BDDK) raised the limits for banks' foreign currency transactions with foreign entities on Friday, allowing increased access to the market, a day after Turkey's central bank hiked interest rates.

How Turkey's former central bankers would dodge a crisis

17 Sep 2020

ANKARA Veterans of Turkey's central bank have some advice for today's policymakers, who are on the frontlines of Ankara's unorthodox battle against a record-low lira and the economic impact of coronavirus: raise interest rates now and get back to basics.

UPDATE 3-Turkey mounts new defence of lira as locals snap up dollars

07 Aug 2020

* Locals' forex holdings surge to $213 bln (Adds forex holdings, reserves, S&P, Erdogan)

UPDATE 4-Turkish lira strain shows as London overnight rates soar

04 Aug 2020

ISTANBUL, Aug 4 Interest rates on overnight swaps for Turkey's lira hit 1,050% Tuesday, the highest in more than a year, in an offshore market that Turkish authorities have starved of liquidity as part of a costly effort to boost the currency.

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