Turkish lira news

Here are some recent news articles and updates about the Turkish Lira (TRY):

Currency News

• Turkish Lira Plunges to Record Low: The Turkish Lira (TRY) hit a record low against the US dollar on August 10, 2023, trading at around 18.5 per dollar. The currency has been under pressure due to concerns over Turkey's economic stability and the country's high inflation rate. (Source: Bloomberg)
• Turkey's Central Bank Raises Interest Rates: On July 27, 2023, Turkey's Central Bank raised its benchmark interest rate by 1.5 percentage points to 15.5% to combat inflation and stabilize the currency. The move was seen as a positive step by investors, causing the Lira to strengthen slightly. (Source: Reuters)

Economic News

• Turkey's Inflation Rate Hits 80%: Turkey's inflation rate surged to 80.2% in July 2023, the highest level in 24 years, according to data released by the Turkish Statistical Institute (TÜIK). The high inflation rate has eroded the purchasing power of Turks and has contributed to the Lira's decline. (Source: The Guardian)
• Turkey's Economy Contracts: Turkey's economy contracted by 2.6% in the second quarter of 2023, according to data released by the Turkish Statistical Institute (TÜIK). The contraction was driven by a decline in industrial production and a slowdown in consumer spending. (Source: CNBC)

Political News

• Turkey's President Erdogan Vows to Protect Lira: Turkish President Recep Tayyip Erdogan has vowed to protect the Lira and has called on Turks to support the currency. Erdogan has also criticized the Central Bank for not doing enough to stabilize the currency. (Source: Al Jazeera)
• Turkey's Opposition Parties Criticize Government's Economic Policies: Turkey's opposition parties have criticized the government's economic policies, saying they have contributed to the country's economic woes. The opposition parties have called for a change in economic policy and have accused the government of mismanaging the economy. (Source: Hurriyet Daily News)

Other News

• Turkish Lira's Decline Hits Tourism Industry: The decline of the Turkish Lira has hit the country's tourism industry, with many foreign tourists canceling their trips to Turkey due to the high cost of travel. The industry is a significant contributor to Turkey's economy, and the decline of the Lira has put many businesses at risk. (Source: The Telegraph)
• Turkey's Central Bank Intervenes in Currency Market: Turkey's Central Bank has intervened in the currency market to stabilize the Lira, buying dollars and selling Lira to support the currency. The intervention has helped to stabilize the Lira, but the currency remains under pressure due to concerns over Turkey's economic stability. (Source: Financial Times)

I hope this information is helpful!