New Turkish lira

People wearing face masks to protect against the spread of coronavirus, walk in Ankara, Turkey, Thursday, Aug. 6, 2020. Turkey's interior ministry announced new measures Wednesday to curb the spread of COVID-19 as daily confirmed cases peaked above 1,000. (AP Photo/Burhan Ozbilici)
August 07, 2020 - 5:01 am
LONDON (AP) — Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery. The lira is down about 19% versus the U.S. currency since the beginning of the year. It was trading around 7.17 at 11:45 GMT. The drop...
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FILE-In this Thursday, Aug. 16, 2018 file photo, a man walks away after changing currency at a currency exchange shop in Istanbul. Turkey's currency dropped to an all-time low against the dollar on Thursday Aug. 6, 2020, as the global recession created by the coronavirus pandemic brings to the fore weaknesses in the country's economy. (AP Photo/Lefteris Pitarakis, File)
August 06, 2020 - 7:34 am
LONDON (AP) — Turkey’s currency dropped to an all-time low against the dollar on Thursday as the global recession created by the pandemic brings to the fore weaknesses in the country's economy. The Turkish lira fell to 7.2999 against the dollar, past the previous low of 7.26 in May. Turkey's...
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A person wearing a protective face mask as a precaution against the coronavirus walks past stuttered businesses in Philadelphia, Thursday, May 7, 2020. Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. (AP Photo/Matt Rourke)
May 07, 2020 - 5:18 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LODGING: All aspects of travel, road, rail...
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May 07, 2020 - 5:29 am
ANKARA, Turkey (AP) — Turkey’s currency dropped to an all-time low against the dollar on Thursday as the country struggles with the economic impact of the coronavirus pandemic. The Turkish lira fell by 1% to 7.26 against the dollar, surpassing the previous record low of 7.24 reached during a...
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In this photo taken on Friday, July 5, 2019, Turkey's President Recep Tayyip Erdogan speaks during a meeting in Istanbul. Erdogan has fired the Central Bank Governor Murat Cetinkaya amid the country's economic downturn. Cetinkaya was replaced by Murat Uysal, the deputy governor, in a presidential decree published Saturday.(Presidential Press Service via AP, Pool)
July 08, 2019 - 3:46 am
ANKARA, Turkey (AP) — Turkey's currency fell sharply on Monday, reawakening concerns of another bout of financial jitters in the country, after President Recep Tayyip Erdogan fired the central bank governor, reportedly over disagreements on interest rate cuts. Murat Cetinkaya was replaced by Murat...
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Turkey's President Recep Tayyip Erdogan addresses the supporters of his ruling Justice and Development Party, AKP, during a rally in Adiyaman, Turkey, Tuesday, March 26, 2019, ahead of local elections scheduled for March 31, 2019. (Presidential Press Service via AP, Pool)
March 28, 2019 - 7:18 am
ANKARA, Turkey (AP) — Turkey's president accused the United States and other western nations on Thursday of attacking Turkey's economy ahead of Sunday's local elections. Recep Tayyip Erdogan made his claims after the Turkish lira lost some 5 percent of its value against the dollar after days of...
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Turkey's President Recep Tayyip Erdogan gestures as he delivers a speech at a veterans' day event in Ankara, Turkey, Wednesday, Sept. 19, 2018.(Presidential Press Service via AP)
September 20, 2018 - 7:14 am
ISTANBUL (AP) — Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency. Treasury and Finance Minister Berat Albayrak presented the government's economic plan Thursday, which estimates 2.3 percent growth in 2019 and 3.5 percent in 2020. The previous...
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FILE- In this Aug. 22, 2018, file photo specialist Anthony Matesic, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Sept. 13. (AP Photo/Richard Drew, File)
September 13, 2018 - 2:14 pm
NEW YORK (AP) — U.S. stocks made solid gains Thursday as Apple and Qualcomm led a rally in technology companies. Drugmakers and health insurers also rose. Apple changed course and rose a day after it introduced three new iPhone models and updates to the Apple Watch. Chipmakers recovered after a...
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FILE - In this Thursday, Aug. 30, 2018 file photo, Turkey's President Recep Tayyip Erdogan attends a military graduation ceremony on Victory Day, in Ankara, Turkey. Turkey's arrests of US evangelical pastor Andrew Craig Brunson and other Western citizens have thrust its troubled judicial system to the forefront of ties with allies, reinforcing suspicions that the Turkish government is using detainees as diplomatic leverage. (Presidential Press Service via AP, Pool, File)
September 13, 2018 - 8:19 am
ANKARA, Turkey (AP) — Turkey's central bank on Thursday raised its key interest rate sharply, from 17.75 percent to 24 percent, to contain inflation and stem the currency crisis that has been destabilizing the country this summer. The bank's move is long overdue, many independent economists say,...
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FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)
September 13, 2018 - 5:34 am
SINGAPORE (AP) — Many global markets climbed Thursday following a report that the U.S. has proposed a new round of trade negotiations with China before going ahead with plans to slap tariffs on $200 billion or more in Chinese goods. Investors also appeared heartened by an interest rate increase by...
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