The Magazine for Asian Investors
The Turkish lira slid to 15.03 against the dollar on Monday, hitting a record low. Since 2021, the Turkish lira has fallen nearly 60% against the dollar amid the highest inflation in the United States in a long time. Turkey’s…
The inflation figures in Turkey for the month of December must have made many people in Turkey wince in horror. Inflation rose by over 36%, which was the highest increase in 19 years. The main driver of inflation is the…
The Turkish lira is rising in response to the central bank’s decision to keep interest rates unchanged at 14% on Thursday (Jan. 20). The lira recovered to 13.35 against the dollar. Turkey’s central bank has kept its key interest rate…
“The closer the collapse of an Empire, the crazier its laws.” -MARCUS TULLIUS CICERO The wild lira roller coaster ride is entering a new round, and the long-term outlook for citizens is not good. Inflation in Turkey has already risen…
