The foreign exchange rate is not just an economic parameter, it has been a central data issue for Turkey for at least a quarter of a century
The government increased the costs of bridge tolls over Istanbul’s Bosphorus Strait by 48 percent, while the costs of crossing the Osmangazi Bridge over the İzmit Bay were decreased by 26 percent.
Deputy Prime Minister Mehmet Şimşek said last week that companies had a substantial foreign currency deficit and that they were working on curbing these.
Politicians and business leaders who look for solutions to Turkey’s problems in the exchange rate/interest rate balance, will, in a couple of weeks, start speaking at “economy summits.”
Last week, when the U.S. dollar rose to a record high, the Turkish Central Bank’s foreign currency and gold reserves eroded exactly $5.5 billion. They fell back to $117.5 billion, which is the highest drop since 2009 in the foreign exchange reserves, which are released on a weekly basis.
The results of the International Survey of Adult Financial Literacy Competencies for the OECD International Network on Financial Education (OECD/INFE) were recently released in a report.
A new act is starting in the economy with Prime Minister Ahmet Davutoğlu’s withdrawal from the Justice and Development Party (AKP) leadership and therefore the Prime Ministry
These days, there is a fear among creditor banks and companies that the companies they are doing business with could appeal for a suspension of any declaration of bankruptcy
Turkey’s agenda since the election has been dominated by escalating geopolitical risks
