World Bulletin / News Desk
The Turkish lira hit a new low against the U.S. dollar on Wednesday morning following the central bank's liquidity boost a day earlier.
Turkey's currency fell to a historic low of 3.8950 to the dollar in early Wednesday trading after starting the day at around 3.8220.
The central bank on Tuesday had cut the foreign exchange reserve requirement ratios for lenders as part of efforts to increase cash circulation in the country's economy. The bank also said it was monitoring excessive volatility in the markets and would take necessary measures to counter unhealthy price developments.
Wednesday's drop in the lira to the dollar is the latest record low to beset the currency since the new lira was introduced in a 2005 revaluation. It comes amid anxiety over proposed constitutional changes and heightened terror threats.
Turkey's Diyanet Foundation says its has given $16M in scholarship to foreign students
One injured, 8 arrested at Caglayan courthouse as rival sides in murder trial exchange fire
Operations launched as part of investigations conducted by Chief Public Prosecutor’s Offices across country
Center in capital’s Altindag district to provide healthcare services to mainly Syrian refugees in Turkey
Reinforcement commando units arrive at Syrian border near southern Hatay’s Reyhanli district, says military source
Air force launches strikes close to border late Tuesday, military says
Fifth Avenue premises will be 'important bridge' to US market for Turkey, says economy minister
BIST 100 index rises 0.36 pct while US dollar/Turkish lira rate falls 3.48
Kurdish Regional Government 'ignoring' Ankara, Erdogan says, warning sanctions would not be 'ordinary'
Do not let FETO terrorist group poison African countries' ties with Turkey, says Education Minister Ismet Yilmaz
2 leaders discuss controversial planned referendum by Kurdish Regional Government a week from now
Turkish CHP’s deputy chairman says government should give deadline to Kurdish Regional Government to cancel referendum
Current reform agenda pushed by Washington 'not what we understand from the word 'reform'', Turkish president says
Soldier also martyred during anti-PKK operation in southeastern Mardin province
BIST 100 index rises 0.26 pct while US dollar/Turkish lira rate stands over 3.44
Number of new businesses increases by almost 50 percent compared to same month last year, according to latest figures