Home » Posts tagged 'lira'

Tag Archives: lira

Olduvai
Click on image to purchase

Content

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Lira Plummets After Turkish Central Bank Deputy Governor Quits

Lira Plummets After Turkish Central Bank Deputy Governor Quits It was already an ugly day for the Turkish Lira, which earlier in the day accelerated its drop for the 4th consecutive session, sending the USDTRY to the highest level since August 14 when the currency crashed over the weekend to the lowest level on record. […]

Continue Reading →

Talk Cold Turkey

Talk Cold Turkey Henri Matisse View of Nôtre Dame 1914 Recep Tayyip Erdogan became Prime Minister of Turkey in 2003. His AKP party had won a major election victory in 2002, but Erdogan was banned from political office until his predecessor Gül annulled the ban. Which he had gotten in 1997 for reciting an old […]

Continue Reading →

Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets

Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets Too little, too late? Desperation is rising in Turkey’s banking sector following months of escalating political and financial instability. Benchmark interest rates have been hiked 10 percentage points so far this year to over 17%, making it much more expensive for companies and families […]

Continue Reading →

Goldman Warns Turkish Banks Will Be Wiped Out If Lira Hits 7.1

Goldman Warns Turkish Banks Will Be Wiped Out If Lira Hits 7.1 After its worst day in 10 years, the Turkish Lira’s early rebound is already starting to fade amid denied rumors of US officials predicting Lira’s demise, a record high yield at its bond auction, and Goldman warning of the collapse of Turkey’s financial […]

Continue Reading →

“Truly Awful Numbers”: Lira Tumbles After Turkish Inflation Explodes Most In 15 Years

“Truly Awful Numbers”: Lira Tumbles After Turkish Inflation Explodes Most In 15 Years Having stabilized modestly after its mid-June rout, which sent the Turkish Lira to a record low of 4.74 – on the re-election of president Erdogan of all things – overnight the TRY tumbled as much as 1.4% to 4.6813 after Turkey reported […]

Continue Reading →

Lira Soars After Turkish Central Bank Unleashes Massive, “Whatever It Takes” Rate Hike

Lira Soars After Turkish Central Bank Unleashes Massive, “Whatever It Takes” Rate Hike Ahead of today’s Turkish Central bank decision, analysts were adamant that if Turkey truly wants to ward off currency bears, it would have to deliver a “shock and awe” rate hike, greater than the whisper consensus call for a 100bps, especially since […]

Continue Reading →

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress