World Bulletin / News Desk
Turkey's stock exchange fell 0.50 percent, or 521.37 points, to open at 102,806.37 points on Wednesday.
All sector indices started the day with a decrease; the tourism index saw the worst plunge, going down 1.10 percent.
The BIST banking index and the BIST holding index lost 0.72 percent and 0.27 percent, respectively.
On Tuesday, Borsa Istanbul's BIST 100 index closed at 103,327.74, up 1.05 percent, with a 6.3 billion-Turkish lira (nearly $1.35 billion) trade volume.
The U.S. dollar/Turkish lira exchange rate increased to 4.7560 as of 9.30 a.m. local time (0630GMT) on Wednesday. It was 4.6350 at Tuesday's close.
The euro/lira exchange rate increased to 5.5910, compared with Tuesday's close of 5.4600.
The price of Brent oil was $79.07 per barrel as of 10 a.m. local time (0700GMT) Wednesday.
President Nicolas Maduro has described the move as a "great change" as the government attempts to halt spiraling hyperinflation that the International Monetary Fund predicts will hit a staggering one million percent this year.
The year-over-year increase in consumer prices was the largest since September 2011 and follows a 2.5 percent rise in June of this year. Analysts had expected it to remain flat.
Consumer confidence index stands at 68.3 this month, compared to 73.1 in July, according to official data
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Excluding interest payments, central government's budget balance saw surplus of nearly $1.95B last month
Regulation enters into force on Sept. 1, says Official Gazette
Foreigners buy over 2,800 houses, marking 65.6 percent rise year-on-year, according to TurkStat
BIST 100 rises above 1,600 points, Turkish lira gains value against foreign currencies
Amazon on course to join Apple as world’s only companies worth over $1 trillion
The "informed source" in Iran's oil ministry did not give details of the discount, but sought to downplay the move as common industry practice.
Finance Minister Siluanov terms US dollar a 'risky tool' for payments in international trade