Dollar / TL parity stands at 6,98
13 oC
13 oC
Güneşli
13 oC
Güneşli
The lira has started the day at 6.98 level against dollar this morning.
Turkey's central government budget posted 43.7 billion lira deficit in March, from 7.36 billion lira in February, showing new spending and lower tax revenues amid coronavirus pandemic.
In its semi-annual World Economic Outlook, IMF estimates Turkey's economy to contract 5 percent in 2020
Although Turkish government has not imposed a permanent nationwide stay-at-home order, it has closed all education institutions, shuttered many businesses, closed its borders, halted much intercity travel and ordered weekend lockdowns in order to contain the spread of the pandemic in the country. (ILKHA)
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Türkiye’s disinflation efforts are on track to reduce inflation to single digits by 2027, Treasury and Finance Minister Mehmet Şimşek told Reuters in an interview, emphasizing the government’s commitment to maintaining the process despite potential challenges.
Türkiye’s Treasury and Finance Minister Mehmet Şimşek announced that the country has secured more than $7 billion in external financing from international organizations in 2025, signaling robust global confidence in Türkiye’s economic strategy.
Türkiye's Consumer Price Index (CPI) rose sharply by 33.52% year-on-year in July 2025, according to data released by the Turkish Statistical Institute (TurkStat) on Monday, highlighting persistent inflationary pressures in the country.
The U.S. President Donald Trump signed an executive order on Thursday that slaps dozens of countries with steep tariff hikes, a move critics warn will destabilize global trade and jack up costs for American consumers.
