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Tag Archives: Turkish Lira

Turkey probes social media accounts for “threatening economic security”

While Turkey’s currency crisis continues also on Monday, Erdogan’s regime believes to have found who is responsible for the crisis: it is social media accounts that “who shared posts to provoke the rise in the dollar exchange rate” and spreading fake news. Shares in Europe’s major banks lost further ground …

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Trump brings Erdogan to his knees, doubles tariffs as ally turns foe

US President Donald Trump brought his Turkish counterpart Recept Tayyip Erdogan to his knees on Friday afternoon. While Turkish Finance Minister and Erdogan’s son-in-law was revealing an admittedly weak plan on how to save the economy, Trump announced he doubles tariffs on Turkish steel and aluminum. <blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” …

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Erdogan says “They have dollars, we have our Allah,” as Turkish Lira in free fall

Turkish President Recep Tayyip Erdogan tried on Friday all means to save the Turkish lira. he urged citizens to rush to the banks and convert their deposits in dollar, euros and gold into the national currency. “It is a national struggle. It is going to be my nation’s response to …

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Tumble of Turkish Lira harms tourism in Greece

As the Turkish lira continues to plummet, tourism flows to the country have begun to soar with Turkish authorities expecting over 40 million travelers this year and tourism-related revenue to rise to 32 billion euros. At the same time, sector insiders expect it will impact tourism to Greece. Earlier this …

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