TURKEY-ISTANBUL-TURKISH LIRA

TURKEY-ISTANBUL-TURKISH LIRA

(220610) -- ISTANBUL, June 10, 2022 (Xinhua) -- Photo taken on June 9, 2022 shows Turkish lira banknotes in Istanbul, Turkey. Turkey's lira accelerated its downward spiral on Wednesday after Turkish President Recep Tayyip Erdogan reaffirmed on Monday his pledge to further cut interest rates and ease borrowing. One dollar was traded at 17.15 Turkish liras at 13:05 local time (10:05 GMT), losing 2.5 percent of its value in a single day, bringing its total losses to almost 100 percent compared with a year ago. (Xinhua/Shadati)

  • Product Code
  • ILEA000975692
  • Registered date
  • 2022/6/10 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 5216 × 3440 pixel
  • Resolution
  • dpi
  • Deployment size
  • 1.35(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Turkish currency plunges to new low against USD amid high inflation

    STORY: Turkish currency plunges to new low against USD amid high inflation SHOOTING TIME: Feb. 16, 2024 DATELINE: Feb. 17, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. Murat Tufan, an analyst with Turkish broadcaster Ekoturk speaking in an interview 3. various of Turkish Minister of Treasury and Finance Mehmet Simsek speaking at the Türkiye-Saudi Arabia Investment and Business Forum in Istanbul, Türkiye 4. various of Turkish Central Bank 5. various of Fatih Karahan, Turkish Central Bank chief STORYLINE: The Turkish currency plunged to a new low on Friday against the U.S. dollar, losing 0.3 percent of its value in 24 hours while the country has been trying to curb high inflation. The lira stood at 30.83 against the dollar at 4:00 p.m. local time (1300 GMT) after hitting 30.87. Murat Tufan, an analyst with Turkish broadcaster Ekoturk, told Xinhua that for the lira to appreciate, inflation needs to be seriously curbed in Türkiy

      Turkish currency dips against USD after fresh interest rate hike

      STORY: Turkish currency dips against USD after fresh interest rate hike SHOOTING TIME: Jan. 26, 2024 DATELINE: Jan. 27, 2024 LENGTH: 00:01:21 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of an exchange office in Istanbul 3. various of the Turkish Central Bank and Turkish lira 4. various of Murat Tufan, an analyst with Turkish broadcaster Ekoturk (file) 5. various of the Turkish Central Bank, Turkish lira 6. various of people walking on the street in Istanbul, Türkiye STORYLINE: The Turkish currency lira hit an all-time low against the U.S. dollar on Friday, one day after the central bank raised its key interest rate by 250 basis points to 45 percent. After testing 30.64 liras, one dollar stood at 30.32 liras at 11:10 a.m. local time (0810 GMT). During last June to December, the Turkish central bank raised interest rates from 8.5 percent to 42.5 percent to tame persistent inflation. According to the official data announced last Decembe

        Turkish currency hits historic low against U.S. dollar

        STORY: Turkish currency hits historic low against U.S. dollar SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office 3. various of Turkish Central Bank, Turkish lira 4. various of people walking on street in Istanbul, Türkiye STORYLINE: The Turkish currency hit an all-time low against the U.S. dollar on Thursday, trading at over 30 liras per dollar. One dollar was traded at 30.01 liras at 10:25 a.m. local time (0725 GMT). The Turkish currency has lost over 37 percent of its value since last year and depreciated by 1.6 percent against the dollar in the first 10 days of 2024. Murat Sagman, an economist and portfolio manager, recalled that it was only in 2013 that a dollar was worth 2 liras. Economist Duran Bulbul warned that the dollar exchange rate may move towards 40 liras soon, under such challenges as high inflation. "The greenback will first smash th

          Turkish currency hits record low against U.S. dollar

          STORY: Turkish currency hits record low against U.S. dollar SHOOTING TIME: Jan. 2, 2024 DATELINE: Jan. 3, 2024 LENGTH: 00:01:03 LOCATION: ISTANBUL, Turkiye CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkiye's central bank, Turkish lira 2. various of the Istanbul city in Turkiye 3. various of the exchange office, clerk in exchange office counting U.S. dollars in Istanbul, Turkiye 4. various of the Istanbul Stock Exchange in Turkiye STORYLINE: The Turkish currency hit an all-time low against the U.S. dollar on Tuesday, trading at over 29.70 liras per dollar. After seeing 29.77 at 12:58 p.m. local time (0958 GMT) against the greenback, the lira stood at 29.74, losing around 37 percent of its value since last year. Alaattin Aktas, an economist, told Cumhuriyet Daily that the dollar exchange rate is expected to increase to around 40 liras per dollar in 2024. "If the dollar exchange rate is adjusted according to the requirements of the economy, it will increase by the rate of inflation and reach a

            Türkiye's third-busiest airport inaugurates new runway

            STORY: Türkiye's third-busiest airport inaugurates new runway SHOOTING TIME: Dec. 25, 2023 DATELINE: Dec. 26, 2023 LENGTH: 00:01:20 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Sabiha Gokcen Airport in Istanbul, Türkiye 2. various of Turkish President Recep Tayyip Erdogan STORYLINE: Sabiha Gokcen Airport in Türkiye's largest city, Istanbul, inaugurated a new runway on Monday to better cope with the increasing capacity of the country's financial and cultural hub. At a ceremony held for the opening of the second runway at the airport, Turkish President Recep Tayyip Erdogan said that in the first 11 months of this year, the number of passengers at the Sabiha Gokcen Airport increased by 21 percent to 34 million, aboard 208,000 flights, compared to the same period last year. The airport, located in the Asian part of the bi-continental city, has been the third-busiest in Türkiye, following Istanbul Airport and Antalya Airport in the Mediterranean coastal city of Antalya, as per t

              Turkish currency hits fresh low against greenback

              STORY: Turkish currency hits fresh low against greenback SHOOTING TIME: Nov. 30, 2023 DATELINE: Dec. 1, 2023 LENGTH: 0:01:11 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of Exchange office in Istanbul, Information including Turkish lira and US dollar value information at the exchange office in Türkiye 3. various of exchange office, clerk in exchange office counting U.S. dollars in Istanbul, Türkiye 4. various of Turkish Central Bank 5. various of Hafize Gaye Erkan, the Turkish Central Bank governor 6. various of Turkish Central Bank, Turkish lira STORYLINE: The Turkish currency hit a fresh low against the U.S. dollar on Thursday, trading at nearly 29 liras per dollar. After fluctuating around the 29 thresholds in the early morning trading, the lira stood at 28.95 against the greenback at 11:15 a.m. local time (0815 GMT). The currency has lost about 35 percent of its value against the dollar since the beginning of this year. The lira hit 31.90

                Turkish financial market wavers amid concerns over Israel-Gaza conflict: analyst

                STORY: Turkish financial market wavers amid concerns over Israel-Gaza conflict: analyst DATELINE: Oct. 10, 2023 LENGTH: 00:01:24 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. Soundbite 1 (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster 3. various of Türkiye's central bank 4. Soundbite 2 (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster STORYLINE: The Turkish financial market on Monday experienced turbulence, with exchange rates fluctuating and the stock market falling, amid concern and caution over the ongoing Israel-Gaza conflict, said an analyst. The Turkish currency lost 0.43 percent of its value on the morning trading against the U.S. dollar, standing at 27.7 Turkish liras per dollar at 11:00 a.m. local time (0800 GMT). At the opening of the Istanbul Stock Exchange, Türkiye's benchmark BIST-100 Index dropped to 8,300.69 points, with a decline of 1.94 percent compared to the previous closure. The banking index decreased by 2.08 percent, accor

                  Turkish lira falls to new low against greenback

                  STORY: Turkish lira falls to new low against greenback DATELINE: Aug. 8, 2023 LENGTH: 00:01:31 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office in Istanbul 3. various of Türkiye's central bank 4. SOUNDBITE (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster STORYLINE: The Turkish currency hit a fresh low against the U.S. dollar on Monday, trading over 27 liras per dollar. After seeing 27.32 in the early morning against the greenback, the lira stood at around 27 in the afternoon, losing about 30 percent of its value since the beginning of this year. The currency tested over 30 thresholds against the euro in the morning and later dropped to 29.68. Türkiye's central bank raised the policy rate from 8.5 percent to 15 percent in June and further to 17.5 percent in July. However, markets expect more aggressive interest rate hikes to better cope with the devaluation of the currency and the rising inflation rate. The country's

                    Turkish lira falls ahead of central bank decision

                    STORY: Turkish lira falls ahead of central bank decision DATELINE: July 19, 2023 LENGTH: 00:00:54 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city 2. various of exchange office in Istanbul 3. various of Türkiye's central bank 4. various of Hafize Gaye Erkan, governor of Türkiye's central bank STORYLINE: Turkish lira weakened more than 2 percent on Tuesday against the U.S. dollar ahead of a key rate decision by the central bank. The lira stood at 26.96 against the dollar at 4:00 p.m. local time (1300 GMT) after falling to a record low of 27. The currency has lost about 30 percent of its value against the greenback this year. Lira's depreciation came as the central bank is due to make a decision on its key interest rate on Thursday. In June, the bank hiked the interest rates by 15 percent, the first increase in 27 months, under the central bank's new governor Hafize Gaye Erkan. President Recep Tayyip Erdogan, a staunch supporter of low rates policy despite soaring infl

                      Experts say Türkiye's return to conventional economy to take time

                      STORY: Expert says Türkiye's return to conventional economy to take time DATELINE: July 7, 2023 LENGTH: 00:03:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Türkiye (courtesy of ihlas news agency) 2. various of Turkish central bank 3. various of Turkish lira 4. SOUNDBITE 1 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University 5. SOUNDBITE 2 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University 6. SOUNDBITE 3 (Turkish): BAKI DEMIREL, Professor of Economics at Yalova University STORYLINE: Since winning reelection in May, Türkiye's President Recep Tayyip Erdogan has replaced the country's central bank governor and the minister of treasury and finance with market-friendly figures to address the cost of living crisis. On June 22, the central bank raised the interest rates from 8.5 percent to 15 percent, the first hike in more than two years that was welcomed by the market as a return to economic orthodox even though investors expected more. However,