content tagged with euro

Turkish Lira continues to weaken after elections

Turkish Lira continues to weaken after elections

The lira plummeted to yet another all-time low against the US dollar and the Euro. Despite overall stability in global gold prices, gold prices also reached record highs.

Pharmaceutical industry employers request 40-percent hike in medication prices

Pharmaceutical industry employers request 40-percent hike in medication prices

Savaş Malkoç, the Secretary General of the Pharmaceutical Industry Employers’ Union, says that the exchange rate of Euro used in pricing medications should be fixed at 6.40 lira with an increase of 40 percent and another update should be made in 2022.

27 January 2022

Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day

Opposition leaders slam Erdoğan as Turkish lira loses 10 percent in value in a day

The president says the country is in an "economic independence war" after lira's plunge following policy rate cuts.

24 November 2021

Turkish Pharmacists’ Association: We cannot supply medicine

Turkish Pharmacists’ Association: We cannot supply medicine

The Turkish Pharmacists’ Association has noted that while the exchange rate of Euro is fixed at 4.57 Turkish Lira in pricing of medicine, the current exchange rate is 11 lira, announcing that they have been unable to procure medicine for this reason.

16 November 2021

Turkish lira continues to slide, trading at 10 to Euro

Turkish lira continues to slide, trading at 10 to Euro

The lira's new plunge has come on the day of the US presidential election.

3 November 2020

Setting a new record low, Turkish lira falls to 8 against US dollar for the first time

Setting a new record low, Turkish lira falls to 8 against US dollar for the first time

Also, the Euro is sold at 9.4970 on the first trading day of the week.

26 October 2020

Gold price per ounce is over 2,000 dollars, again

Gold price per ounce is over 2,000 dollars, again

The gold price per ounce has exceeded 2,000 US dollars again. The price of gram gold has seen 477 şira while the exchange rates of US dollar and Euro are still record high.

Turkey's Central Bank to 'use all tools' to reduce currency volatility

Turkey's Central Bank to 'use all tools' to reduce currency volatility

The bank's statement came after a spike in the US dollar and Euro.

2 Actions by Central Bank to Prevent Depreciation of Turkish Lira

2 Actions by Central Bank to Prevent Depreciation of Turkish Lira

The Central Bank has taken two actions in an attempt to prevent the further depreciation of Turkish Lira, announcing that “it will provide all the liquidity the banks need.”

Erdoğan: We Will Not Lose Economic War

Erdoğan: We Will Not Lose Economic War

Speaking about the recent increase in the exchange rates of US Dollar and Euro at a mosque in Bayburt, President Erdoğan has said, “We will not lose the economic war.”

Exchange Rate Statement by AKP: Fluctuations Will End Sooner or Later

Exchange Rate Statement by AKP: Fluctuations Will End Sooner or Later

Vice Chair of the AKP Cevdet Yılmaz has referred to the recent exchange rate movements as “fluctuations that cannot be explained on economic grounds” and stated that these fluctuations will end sooner or later.

Dollar Hits 5.42 TL

Dollar Hits 5.42 TL

Climbing to 5.42 TL, dollar has dropped to 5.20 after the news reports claiming that pre-agreement concerning Pastor Brunson crisis has been agreed.

Euro Exceeds 4 TL

Euro Exceeds 4 TL

Increase tendency of the US Dollar and Euro continued today too, Euro passed 4 TL for the first time.

10 January 2017