Sunday, 16th January 2022
<To guardian.ng
Search

Turkish lira rebounds from historic lows amid rate controversy

By France24
26 November 2021   |   4:56 pm
After hitting historic lows on Tuesday, Turkey's currency has recovered slightly. The lira has lost 40% of its value against the US dollar since the start of the year, amid a series of controversial interest rate cuts and double-digit inflation.

Related

30 Jul 2020
A cluster of COVID-19 cases broke out Wolfgangsee, a popular holiday destination for German and Austrian holidaymakers. Concerns are growing over outbreaks at holiday spots across Europe.
13 Aug 2020
The Turkish currency has hit record lows against the euro and US dollar, despite efforts by its central bank to stop the rot. The fall comes as the effects of the global pandemic and poor economic policy converge.
14 Sep 2020
Greece welcomed the vessel's departure, saying it would ease tensions over energy exploration rights in the eastern Mediterranean. Turkey has been threatened with EU sanctions for its exploration in the contested waters.
25 Jan 2021
The Gulf of Guinea, where the attack took place, is considered the most dangerous sea in the world for piracy. One crew member was killed and 15 others were taken hostage after a struggle on board.
13 Mar 2021
The assassination of Armenian-Turkish journalist Hrant Dink in 2007 shocked Turkey and the world. Dozens have since been charged with being involved. The verdict is due on Friday but the family has few expectations.
9 Jun 2021
The suspension of Twitter in Nigeria has begun to take its toll on the country's economy. Already, small businesses that rely on Twitter to reach their audience are feeling the pinch. Banks, fintechs, and other businesses have also suspended Twitter customer care support. NetBlocks, a global internet monitor, said each hour of Twitter clampdown costs Nigeria about $250,000 (N102.5 million), bringing the daily loss to N2.5 billion. GuardianTV takes a look at the highs and lows of Twitter ban on Nigeria's economy.
29 Jun 2021
Visitors are trickling back to the Turkish resort of Bodrum, a lavish holiday destination for celebrities, jetsetters and sun-seeking foreigners, but the number of visitors still pales in comparison to the resort's pre-coronavirus glory.
16 Jul 2021
Five years after the attempted coup in Turkey, artists and culture creators are being increasingly targeted by the government.
25 Jul
Turkish President Recep Tayyip Erdogan and his wife Emine lay a wreath at a memorial for the victims of the July 15th, 2016 failed coup against him. That night, a rogue faction in the military tried to take over the country, using warplanes and tanks to attack government buildings. Some 250 people, in addition to at least 24 plotters, died and more than 2,000 were injured in the ensuing chaos as Erdogan rallied his supporters out on the street.
11 Sep
Turkey is home to millions of immigrants, but economic instability brought on by the coronavirus pandemic is fueling mistrust of migrants.
9 Oct
Facing a labor shortage after World War II, Germany designed a program to bring in so-called guest workers. It was a move that had a lasting impact, said President Frank-Walter Steinmeier in a commemoration on Tuesday.
16 Oct
Beekeepers Mustafa Alti and his son Fehmi were kept busy tending to their hives before wildfires tore through a bucolic region of Turkey that makes most of the world's prized pine honey. Now the Altis and generations of other honey farmers in Turkey's Aegean province of Mugla are scrambling to find additional work and wondering how many decades it might take to get their old lives back on track.