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Gravitas Global Headlines: Turkish Lira plunged to a record-low 7% in the biggest daily selloff

President Recep Tayyip Erdogan winning the Turkish presidential runoff has turned out to be a bad news for the ailing Turkish lira. Bloomberg reported that the lira fell 0.

No relief for Turkish lira as it fall to record low after Erdogan's victory

Turkey’s annual inflation rate hit a 24-year high of 73 per cent in May, data revealed on Friday, as the country battles Russia-Ukraine war-induced inflation, high energy prices and a tumbling lira that has not recovered since December last year.

Turkey’s annual inflation spirals to 24-year high at 73%

The Turkish Lira crashed to a record low due to Erodgan's proclamation. In the last 30 days, the Lira has lost 35 per cent of its value against the dollar. Overall, the currency has fallen by 50 per cent this year.

Turkey President Erdogan turns to Islam as Lira crashes

Inflation is now at 20% in Turkey, as the Lira which is the official currency of Turkey has hit a record low of 13.44 against the US Dollar. Turkish currency crashed by 8% in a single day but recovered by a few cents later.

Turkey: Lira crashed to a new low of 13.44 against the dollar

The Pakistani rupee has been falling against the US dollar in the interbank currency market for months. This downward trend is a source of concern for the Imran Khan government because it indicates the country is facing a deeper economic problem, according to local media.

Plummeting value: Pakistani Rupee, Turkish Lira, and Iran's Rial all face depreciation against USD

The Turkish currency lira hai weakened to an all-time low against the USD. 1$ is approximately 10 Lira. The depreciation of the Turkish Lira hai gained pace over the last 2 months due to the monetary policy of Turkey's central bank.

Turkey: Lira depreciation gained pace in last 2 months

The Turkish lira stood at 8.0990 per dollar in Asia, down 11 per cent from its close on Friday. At one point the lira fell by as much as 14.9 per cent to 8.4850

Turkish lira hit by sacking of central bank chief

The Turkish lira tumbled on Monday as President Erdogan sacked the country's central bank chief Naci Agbal. Watch: The Turkish lira fell 17 per cent sliding 8.47 per US dollar in early trade on Monday even though it recovered slightly later at 8.

Turkish Lira tumbles after Erdogan fires central bank chief

Hobbled by restrictions on his tobacco shop, Ozgur Akbas helped organize a demonstration in Istanbul last month to protest what he called unfair rules imposed on merchants during the pandemic.

Battered Turkish economy puts a powerful Erdogan to the test

The Turkish lira, one of the world's worst performing currencies, gained around 2.5 percent against the dollar Monday after President Recep Tayyip Erdogan's son-in-law Berat Albayrak stepped down as finance minister.

Turkish lira rallies after Erdogan's son-in-law resigns

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