Turkish currency plunges to new low against USD, signaling fresh inflation

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Turkish currency plunges to new low against USD, signaling fresh inflation

STORY: Turkish currency plunges to new low against USD, signaling fresh inflation DATELINE: May 25, 2022 LENGTH: 00:01:55 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of exchange office in Istanbul, Turkey 2. various of Istanbul 3. various of exchange office in Istanbul, Turkey 4. various of clerk in exchange office counting U.S. dollars 5. various of employee in Turkey's central bank, 6. Turkey's central bank, Istiklal Street 7. various of cars moving in the city, people walking on the street 8. various of people shopping STORYLINE: The Turkish currency plunged to 16.17 on Tuesday morning against the U.S. dollar and lost over 1 percent of its value in 24 hours, signaling new price hikes in the upcoming month. After surpassing the resistance level of 16.00, one dollar stood at 16.09 Turkish liras at 3:45 p.m. local time (1245 GMT). The currency has lost almost 60 percent of value against the greenback since 2021. According to Murat Sagman, a portfolio manager and economist, the lates

  • Product Code
  • ILEA000969187
  • Registered date
  • 2022/5/25 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 117.46(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Japan to respond appropriately, any time to excessive yen moves: currency official

    STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

      Egypt expects 2 bln USD in revenue from expat customs-free car import initiative

      STORY: Egypt expects 2 bln USD in revenue from expat customs-free car import initiative SHOOTING TIME: June 20, 2024 DATELINE: June 21, 2024 LENGTH: 00:00:58 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Finance Minister Mohamed Maait 2. various of an Egyptian port 3. various of new cars STORYLINE: Egyptian Finance Minister Mohamed Maait said on Thursday that the applications registered by expats, with an aim of benefiting from the zero-customs car import initiative, push expectations to about 2 billion U.S. dollars in revenue. The minister said that more than 250,000 "import approvals" have been issued, and over 35,000 imported cars have been released so far. The initiative allows expatriates to bring one personal-use vehicle to Egypt without incurring customs duties or taxes, including the value-added tax (VAT). Egyptians living abroad should make a five-year bank deposit in foreign currency. After five years, expatriates can withdraw their money in Egyptian pounds accor

        India's retail inflation in 12-month low in May

        STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

          Türkiye fines Google nearly 15 mln USD over hotel searches

          STORY: Türkiye fines Google nearly 15 mln USD over hotel searches SHOOTING TIME: June 10, 2024 DATELINE: June 11, 2024 LENGTH: 00:01:03 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Google 2. various of people using Google 3. various of Google STORYLINE: Türkiye's Competition Board fined U.S. tech giant Google 482 million liras (around 14.88 million U.S. dollars) on Monday for failing to comply with an injunction related to hotel search queries. The regulatory body said in a statement that Google had not implemented "precautionary measures suggested for hotel searches," blocking competing local search engines on its platform and undermining fair competition. The fine comes after the competition board launched an investigation into Google in March and imposed a daily fine of 0.05 percent of its 2023 revenue starting from mid-April until it complied with the injunction. The move follows a similar decision by the watchdog in March, when it issued an interim injunction against social m

            Australian minimum wage to rise by 3.75 pct

            STORY: Australian minimum wage to rise by 3.75 pct SHOOTING TIME: June 4, 2024 DATELINE: June 6, 2024 LENGTH: 00:01:31 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Fair Work Commission (FWC) office 2. various of Australians in different professions 3. various of the Australian Bureau of Statistics (ABS) building STORYLINE: Australia's minimum wage will rise by 3.75 percent from the start of July, industrial relations tribunal the Fair Work Commission (FWC) ruled on Monday. From July 1, the minimum wage will increase from 23.23 Australian dollars (15.47 U.S. dollars) per hour to 24.10 Australian dollars (16.05 U.S. dollars) per hour, or 915.90 Australian dollars (609.99 U.S. dollars) per week based on a 38-hour week, FWC said. According to the commission, 20.7 percent of the Australian workforce, or approximately 2.6 million people, are paid minimum wage rates. After accounting for flow-on effects, the FWC estimates that the increase to the minimum wage will affect a quarter of a

              DBS chief economist optimistic about China's growth outlook

              STORY: DBS chief economist optimistic about China's growth outlook SHOOTING TIME: May 30, 2024 DATELINE: June 5, 2024 LENGTH: 00:02:03 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of DBS 2. various of street views in China 3. SOUNDBITE 1 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research 4. SOUNDBITE 2 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research 5. SOUNDBITE 3 (English): TAIMUR BAIG, Chief economist and managing director of DBS Group Research STORYLINE: DBS, Singapore's major banking group, has recently raised its forecast for China's GDP growth in 2024 to 5 percent from 4.5 percent, as a better-than-expected upturn in China's property market and trade performance propelled the economy. In an exclusive interview with Xinhua, Taimur Baig, chief economist and managing director of DBS Group Research, said China's economy has shown more positive signals of recovery. SOUNDBITE 1 (English): TAIMUR BAIG, Chief economist and man

                Tokyo consumer inflation accelerates in May

                STORY: Tokyo consumer inflation accelerates in May SHOOTING TIME: recent footage DATELINE: June 3, 2024 LENGTH: 00:00:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Core inflation in Tokyo continued to rise in May as utility costs expanded, government data showed. The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 1.9 percent in May from a year earlier, accelerating from a 1.6 percent rise in April, according to the internal affairs ministry. Seen as a leading indicator of nationwide trends in Japan, the Tokyo data released on Friday stood below the Bank of Japan's 2-percent target. The acceleration was largely pushed up by utility costs related to renewable energy promotion, as electricity bills increased for the first time in 16 months by rising 13.1 percent year on year. Meanwhile, prices of food excluding fresh items rose 3.2 percent, unchanged from the previous month. Xinhua News Agency correspondent

                  India's forex reserves fall to 646.67 bln USD

                  STORY: India's forex reserves fall to 646.67 bln USD SHOOTING TIME: Archives DATELINE: June 2, 2024 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the Reserve Bank of India 2. various of banks 3. various of a market STORYLINE: India's foreign exchange (forex) reserves dropped by over 2 billion U.S. dollars during the week ended May 24, the country's central bank, the Reserve Bank of India, said in a weekly bulletin on Friday. The forex reserves stood at 646.67 billion dollars, a drop after gaining a total of 10.8 billion dollars in the previous three weeks, The Hindu newspaper said in a report. The country's foreign currency assets stood at 567.499 billion dollars, while the gold reserves stood at 56.713 billion dollars, said the central bank bulletin. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

                    Chilean expert says U.S. tariff hikes on Chinese products disrupt economy, harm environment

                    STORY: Chilean expert says U.S. tariff hikes on Chinese products disrupt economy, harm environment SHOOTING TIME: May 30, 2024 DATELINE: May 31, 2024 LENGTH: 00:01:37 LOCATION: Santiago CATEGORY: POLITICS SHOTLIST: 1. various of China's EV industry 2. various of the U.S. STORYLINE: A Chilean expert criticized the U.S.'s tariff hikes on Chinese new energy products, stating that the move will disrupt the economic system and undermine environmental protection efforts. SOUNDBITE (Spanish): MARCELA VERA, Economist and scholar of the University of Santiago, Chile (Usach) "Chinese (electric) cars are a huge innovation process, not only in terms of electromobility, but also in how they interrelate with communication systems, artificial intelligence and robotics. These elements are not found in the other automobile markets and, therefore, preventing this type of market (China) from developing, as it should be in a competitive system, would imply that the United States is once again interfering in the economic syst

                      Trade exchange volume between Egypt, China hit 13.9 bln USD in 2023

                      STORY: Trade exchange volume between Egypt, China hit 13.9 bln USD in 2023 SHOOTING TIME: File DATELINE: May 29, 2024 LENGTH: 0:00:23 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of ships laden with goods STORYLINE: The volume of trade exchange between Egypt and China reached 13.9 billion U.S. dollars in 2023, the Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) said on Tuesday. According to the Egyptian website "Egypt Today," the volume of Egyptian exports to China recorded 909 million USD during 2023, while the volume of Egyptian imports from China reached 12.9 billion USD during 2023. Xinhua News Agency correspondents reporting from Cairo. (XHTV)