Apple iPhones and other electronics are out of reach for people in Turkey after the lira continues dropping, losing 40% in value since the start of 2021, 20% since the beginning of last week, and a historic 15% in a single day, according to multiple...
Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a report in Reuters citing Turkey’s central bank, the rate is going to 2.5 percent for Turkish lira and 1.80 percent for foreign exchange transactions....
Might it be blockchain’s turn to shine amid pockets of economic turmoil? It’s no secret that blockchain is becoming ever more divorced from bitcoin, with which it has been traditionally associated. And as a form of data sharing, a form of record keeping, a direct...
The vagaries of currency take on all sorts of meaning to consumers, borrowers and lenders large and small, individual and corporate. Over the last few weeks, some headlines have focused on the impact of the trade war being waged between the United States and a...
April 17, 2023
Turkey’s central bank is reportedly taking measures to protect the value of the country’s currency. The measures include asking banks to limit the amount of foreign currency they buy each day, Bloomberg reported Monday (April 17), citing unnamed sources. As a result, the lenders — who would be exposed if the demand from investors for […]
November 24, 2021
Apple iPhones and other electronics are out of reach for people in Turkey after the lira continues dropping, losing 40% in value since the start of 2021, 20% since the...
September 17, 2018
Turkey’s central bank announced effective in October it is raising the maximum interest rate credit card lenders can charge. According to a report in Reuters citing Turkey’s central bank, the rate...
