The Turkish lira added to its steep losses on Friday, hitting a fresh record low, after President Donald Trump authorized the doubling of metals tariffs on Turkey.
TURKEY is heading for an economic crisis after the lira hit a record low and now US President Donald Trump has intervened via Twitter which has added fuel to the flames.
Erdogan tells Turks to check under their pillows for gold as Turkish lira nosedives to record lows.
Turkey's lira plunged as much as 14 percent on Friday as worries about President Tayyip Erdogan's influence over monetary policy and worsening U.S. relations snowballed into a market panic that also hit shares of European banks.
The guests who mingled in the gardens of the presidential palace in Ankara on the evening of President Erdogan's inauguration last month were given commemorative one lira coins. Only four weeks on, those coins have lost almost a quarter of…
All the day’s economic and financial news, including new growth figures for the UK and the financial crisis in Turkey
IRAN has threatened the US with WORLD WAR 3 in a vow of unity with Turkey after President Donald Trump imposed further sanctions on the nation that crippled the lira.
President Tayyip Erdogan told Turks on Friday to exchange their gold and dollars into lira, with the country's currency in free fall after President Donald Trump turned the screws on Ankara by doubling tariffs on metals imports.