On 29 February, the Turkish lira (TRY) traded at 1.75 per USD, which was 1.6% stronger than the level recorded on the same day of the previous month. The figure followed on the 5.7% appreciation recorded in January. Nevertheless, on an annual basis, the currency still remains 9.4% weaker than in the same month last year. The Turkish lira advanced on increased global risk appetite, as the perennial debt crisis in Europe came a step closer to a resolution with the approval of the second EUR 130 billion bailout package for Greece. In addition, recent trade data are easing concerns regarding Turkey's external imbalances, thus prompting foreign investors to regain appetite for Turkish assets.
Turkey Exchange Rate
Turkish lira continues to strengthen
March 1, 2012
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Turkey Economic News
October 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased slightly from 74.3 in September to 74.0 in October.
October 20, 2016
At its 20 October monetary policy meeting, the Central Bank of the Republic of Turkey (CBRT) decided to keep the marginal funding rate unchanged at 8.25%.
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.