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NORTHERN FULMAR

Fulmar (Fulmarus glacialis). Northern fulmar (Fulmarus glacialis). Fulmarus glacialis Linnaeus, 1761 Synonyms Northern fulmar Common fulmar Arctic fulmar Fulmars Photo: Magnus Martinsson / TT / 2734

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested

Illustration of the Turkish Liras and US dollars banknotes, in Ankara, Turkey, on March 19, 2025. Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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The Museum of the Holy Souls in Purgatory - Rome

The ‘ Museum of the Holy Souls in Purgatory’ housed in a room of the small neo-Gothic church of the Sacred Heart of Suffrage (Chiesa del Sacro Cuore del Suffragio) in Rome, Italy on March 5, 2025 is one of a kind in the world as it pretends to offer undeniable proofs of the existence of Purgatory. - Pictured: Italian Lira banknote: Between 18 august and 9 November 1919, thirty of these banknotes were left in the monastery of San Leonardo di Montefalco by a deceased priest to solicit Masses of suffrage for his memory. - The tiny century-old ‘Piccolo Museo Del Purgatorio’ holds a collection of bibles, prayer books, tabletops, and articles of clothing said to have been singed by the hands of souls in purgatory. The very unusual collection was commissioned by French missionary Victor Jouet following the events of 15 November 1897, when a mysterious fire broke out in the Rosary Chapel, in which the altar painting was spared. In the flames, the priest and the worshippers saw a suffering face, which was then enigma

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Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: File DATELINE: May 24, 2024 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank 2. various of Turkish lira 3. various of Turkish central bank 4. various of Turkish lira 5. various of Turkish central bank STORYLINE: Türkiye's central bank announced on Thursday that it would keep its interest rate unchanged at 50 percent, which is in line with market expectations. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged but reiterated that it remains highly attentive to inflation risks," the bank said in a statement. The bank said that the underlying trend of monthly inflation registered a limited decline in April, while the recent indicators point to a slowdown in domestic demand compared to the first quarter. Meanwhile, consumption goods imports increased in April, limiting the improvement in the current account balance.

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Türkiye raises year-end inflation forecast amid soaring prices

STORY: Türkiye raises year-end inflation forecast amid soaring prices SHOOTING TIME: May 9, 2024 & Earlier footage DATELINE: May 10, 2024 LENGTH: 00:01:19 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (earlier footage) 2. SOUNDBITE 1 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 3. various of Turkish lira (earlier footage) 4. SOUNDBITE 2 (Turkish): FATIH KARAHAN, Turkish Central Bank Governor (courtesy of ihlas news agency) 5. various of Turkish lira (earlier footage) 6. various of Turkish Central Bank (earlier footage) STORYLINE: Türkiye's Central Bank has raised its end-of-year inflation forecast for 2024 to 38 percent, a two-percentage-point increase from previous estimates, as revealed in its latest quarterly report. The bank's outlook for the subsequent years remains unchanged, with inflation expected to decrease to 14 percent in 2025 and 9 percent in 2026, aiming for a medium-term stabilization target of 5 percent. Centr

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Turkish central bank keeps policy rate unchanged at 50 pct

STORY: Turkish central bank keeps policy rate unchanged at 50 pct SHOOTING TIME: Earlier footage DATELINE: April 26, 2024 LENGTH: 00:01:04 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish lira STORYLINE: Türkiye's central bank on Thursday kept its interest rate unchanged at 50 percent, saying that the monetary policy decisions in March have led to a significant tightening in financial conditions. "Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks," the bank said in a statement, adding that it will maintain the tight monetary stance until a significant and sustained decline in monthly inflation is observed. Despite the ongoing decline, the underlying trend of monthly inflation in March was higher than expected, the statement said. "While imports of consumer goods and gold contribute to the improvement in the current

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Turkish central bank raises policy interest rate to 50 pct

STORY: Turkish central bank raises policy interest rate to 50 pct SHOOTING TIME: November 2023 and March 2024 DATELINE: March 22, 2024 LENGTH: 00:01:25 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the Turkish Central Bank (Nov. 30, 2023) 2. various of the Turkish lira (Nov. 30, 2023) 3. various of people at a shopping mall in Türkiye (March 19 2024) (courtesy of ihlas news agency) 4. various of people at a supermarket in Türkiye (March 14, 2024) (courtesy of Ankara Metropolitan Municipality) 5. various of the Turkish lira (Nov. 30, 2023) 6. various of Fatih Karahan, governor of Turkish Central Bank (March 12, 2024) (courtesy of ihlas news agency) 7. various of the Turkish Central Bank (Nov. 30, 2023) STORYLINE: Türkiye's central bank has resumed its interest rate hikes, increasing the policy rate by 500 basis points to a substantial 50 percent, the bank said in a statement on Thursday. The move came as the bank aimed to tackle the persistent inflation that has been higher than anticipated

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Turks rush for USD as lira continues to depreciate amid high inflation

STORY: Turks rush for USD as lira continues to depreciate amid high inflation SHOOTING DATE: earlier footage DATELINE: March 8, 2024 LENGTH: 00:01:27 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city 2. various of exchange office, clerk in exchange office 3. various of Turkish Central Bank, Turkish lira 4. various of Grand Bazaar, exchange office in Istanbul, Türkiye STORYLINE: The U.S. dollar's ascent against the Turkish lira continued on Thursday, leading to increased demand for the U.S. currency among Turkish citizens. The dollar was trading at 31.85 liras at 2 p.m. local time (1100 GMT), showing a slight increase from Wednesday's closing rate of 31.79 liras. In Istanbul's Grand Bazaar, an area teeming with currency exchange offices, the dollar briefly surpassed the 32-lira mark on Wednesday, prompting a surge in demand for the greenback. Long lines have formed outside these exchange offices since Wednesday as people rush to acquire dollars in anticipation of further

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Türkiye detains 42 organizers of immigrant smuggling, 333 irregular immigrants

STORY: Türkiye detains 42 organizers of immigrant smuggling, 333 irregular immigrants SHOOTING TIME: Feb. 28, 2024 DATELINE: Feb. 29, 2024 LENGTH: 00:01:00 LOCATION: Ankara CATEGORY: LAW SHOTLIST: 1. various of the operations (courtesy of Turkish Interior Ministry) STORYLINE: Turkish authorities have detained 42 organizers allegedly involved in immigrant smuggling and 333 irregular immigrants in operations against suspects attempting to bring irregular immigrants to Türkiye via Iran, a cabinet minister said on Wednesday. "We will never give an opportunity to immigrant smugglers who try to make our country a destination and transit route for irregular migration," Interior Minister Ali Yerlikaya said on social media platform X. An investigation led by the anti-immigrant smuggling police department and Border Gates Branch Directorate of the southeastern Diyarbakir province uncovered a money transaction totaling 10 million Turkish lira (about 320,600 U.S. dollars) by some suspects engaged in human traffickin

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Turkish police detain 8 suspects in anti-gang operations

STORY: Turkish police detain 8 suspects in anti-gang operations SHOOTING TIME: February, 2024 DATELINE: Feb. 26, 2024 LENGTH: 00:00:59 LOCATION: Ankara CATEGORY: OTHERS SHOTLIST: 1. various of the anti-gang operations carried out by the Turkish police (courtesy of Turkish Interior Ministry) STORYLINE: Turkish police detained eight suspects, including the ringleaders, of a criminal organization as part of an operation dubbed "Cage-47," the country's Interior Minister Ali Yerlikaya said on Sunday. The operations, initiated by the Turkish authorities in the northwestern province of Yalova, were carried out simultaneously in provinces of Kocaeli, Bursa, Yalova and Sakarya, Yerlikaya said on the social media platform X, without specifying the time of the raids. The police seized four unlicensed pistols, two blank firing pistols, two hunting rifles, a large amount of Turkish lira and a large number of promissory notes, checks, title deeds and digital materials, he said. He said that it has been suspe

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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

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Expert remains cautious about inflation forecast in Türkiye

STORY: Expert remains cautious about inflation forecast in Türkiye SHOOTING TIME: Feb. 8, 2024, File DATELINE: Feb. 10, 2024 LENGTH: 00:05:01 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference of Fatih Karahan, the new Governor of Turkish Central Bank (Feb. 8, 2024) (courtesy of ihlas news agency) 2. various of Turkish Central Bank 3. various of Turkish lira 4. various of some apartments in Ankara, Türkiye 5. various of fields in Türkiye (01:03-02:12) (Aug. 5, 2022) (courtesy of ihlas news agency) 6. various of Turkish lira 7. SOUNDBITE (Turkish): MUSTAFA SONMEZ, Istanbul-based economist STORYLINE The new head of Türkiye's central bank said the bank will maintain its tight policy stance until high inflation drops to target, as it held its year-end consumer price forecast at 36 percent. In a press conference in the capital city of Ankara, Fatih Karahan said that monetary tightness will be maintained so long as a disinflation process yields results. Karahan recently replaced H

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(SP)QATAR-DOHA-DIVING-WORLD AQUATICS CHAMPIONSHIPS-WOMEN-3M SYNCHRONISED

(240207) -- DOHA, Feb. 7, 2024 (Xinhua) -- Anna Santos (L)/Luana Lira of Brazil compete during the women's 3m synchronised final of the World Aquatics Championships 2024 held in Doha, Qatar on Feb. 7, 2024. (Xinhua/Xia Yifang)

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Türkiye's inflation nears 65 pct in January

STORY: Türkiye's inflation nears 65 pct in January SHOOTING TIME: FILE DATELINE: Feb. 6, 2024 LENGTH: 00:01:15 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in the Grand Bazaar in Istanbul, Türkiye (Feb. 2, 2024) (courtesy of Ihlas News Agency) 2. various of people shopping in a discount clothes shop in Istanbul, Türkiye (Feb. 3, 2024) (courtesy of Ihlas News Agency) 3. Turkish Treasury and Finance Minister Mehmet Simsek (Jan. 31, 2024) (courtesy of Ihlas News Agency) 4. various of people shopping in Ankara, Türkiye (Dec. 19, 2023) 5. various of Turkish lira (Nov. 30, 2023) STORYLINE Türkiye's annual inflation rate rose slightly to 64.86 percent in January from 64.77 percent last December, according to official data released Monday. The Turkish Statistical Institute said monthly inflation increased 6.7 percent in January, the highest since August 2023, due to a large increase in the minimum wage and new-year price adjustments. Turkish Treasury and Finance Minister Mehmet

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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

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Türkiye raises policy rate to 45 pct as predicted

STORY: Türkiye raises policy rate to 45 pct as predicted SHOOTING TIME: Jan. 9, 2024/Nov. 30, 2023 DATELINE: Jan. 26, 2024 LENGTH: 00:01:14 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish central bank (Nov. 30, 2023) 2. various of Turkish lira (Nov. 30, 2023) 3. various of people at cashpoints in Türkiye (Jan. 9, 2024) 4. various of Turkish lira (Nov. 30, 2023) STORYLINE: The Turkish central bank on Thursday raised its key interest rate by 250 basis points to 45 percent, in line with market expectations. The central bank's monetary policy committee said in a statement that the level of monetary tightening required to establish disinflation has been reached. "Taking into account the lagged impact of monetary tightening, the committee assesses that the monetary tightness required to establish the disinflation course is achieved and that this level will be maintained as long as needed," the statement said. According to the statement, the committee assessed that the current policy rate le

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Turkish security forces detain 28 IS suspects

STORY: Turkish security forces detain 28 IS suspects SHOOTING TIME: Jan. 25, 2024 DATELINE: Jan. 26, 2024 LENGTH: 00:01:02 LOCATION: Ankara CATEGORY: POLITICS SHOTLIST: 1. various of Turkish police detaining 28 suspects affiliated with the Islamic State (IS) across nine provinces in the country (courtesy of Turkish Interior Ministry) STORYLINE: Turkish police have detained 28 suspects affiliated with the Islamic State (IS), a cabinet minister said on Thursday. The suspects were captured as part of "Operation Heroes-46" across nine provinces in the country, Interior Minister Ali Yerlikaya wrote in a post on X, formerly Twitter. The police teams seized a large amount of foreign currency and Turkish Lira during simultaneous raids, he said. The operations were conducted in the provinces of Sakarya, Denizli, Ankara, Adana, Duzce, Bursa, Gaziantep, Istanbul and Yalova, he added. Video footage posted on the Turkish minister's X account showed police entering apartments and buildings and putting suspects into

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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

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Türkiye's annual inflation nears 65 pct in December

STORY: Türkiye's annual inflation nears 65 pct in December SHOOTING TIME: Jan. 10, 2024 DATELINE: Jan. 11, 2024 LENGTH: 0:03:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets, cash points and shopping in Ankara, Türkiye 2. various of people buying cheaper breads in Mugla, Türkiye (courtesy of ihlas news agency) 3. various of people shopping in a fresh vegetable bazaar in Aydin, Türkiye (courtesy of ihlas news agency) 4. SOUNDBITE 1 (Turkish): FIKRET OZLEK, Former restaurant manager 5. SOUNDBITE 2 (Turkish): NUR KILER, Retired teacher STORYLINE: Türkiye's annual inflation for 2023 came at about 64.8 percent in December, an increase from 62 percent a month ago on the back of higher food and energy prices, putting further pressure on households. In December, the Turkish Central Bank increased its policy rate by 250 basis points to 42.5 percent to curb the lira's devaluation and tame the persistently high inflation. In general, the figures are showing signs of leveling off

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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

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Türkiye's hiking inflation may ease in mid-2024: Turkish economist

STORY: Türkiye's hiking inflation may ease in mid-2024: Turkish economist SHOOTING TIME: Dec. 28, 2023 DATELINE: Dec. 29, 2023 LENGTH: 0:02:48 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets and shopping in Türkiye 2. various of Turkish Central Bank 3. various of Turkish lira 4. SOUNDBITE (Turkish): ARDA TUNCA, Istanbul-Based Economist And Columnist STORYLINE: Türkiye has been struggling with economic woes due to high inflation, sharp depreciation of the currency and rising borrowing costs. Arda Tunca, an Istanbul-based economist and columnist, told Xinhua in a recent interview, that the effect of the Turkish government's monetary-tightening measures to curb inflation is likely to be felt starting mid-2024. SOUNDBITE (Turkish): ARDA TUNCA, Istanbul-Based Economist And Columnist "The monetary tightening that we witnessed since June has prepared the base of what is coming next. This was a preparatory period. From now on, we can expect the effect of these measures on infl

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Turkish economy's total turnover up 4.1 percent in October

STORY: Turkish economy's total turnover up 4.1 percent in October SHOOTING TIME: Dec. 7, 2023 DATELINE: Dec. 14, 2023 LENGTH: 00:01:15 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Lira (shooting time: Nov. 30) 2. various of shipping trade in Türkiye (shooting time: Aug. 1) 3. various of Turkish Lira (shooting time: Nov. 30) 4. various of construction site in Türkiye (shooting time: Nov. 25) 5. various of a factory in Türkiye (shooting time: May 31) 6. various of Turkish Lira (shooting time: Nov. 30) 7. various of a textile factory in Türkiye (shooting time: Dec. 7) STORYLINE: The Turkish economy's total turnover gained 4.1 percent month-on-month in October, according to official data on Wednesday. The total turnover index of the industry, construction, trade and service sectors in Türkiye increased by 65.3 percent annually in October this year, the Turkish Statistical Institute said. When looking at the details of the total turnover, in October 2023, the annual industrial sector t

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Türkiye continues to make national currency attractive: central bank governor

STORY: Türkiye continues to make national currency attractive: central bank governor SHOOTING TIME: File DATELINE: Dec. 8, 2023 LENGTH: 0:01:11 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank (file) 2. various of Hafize Gaye Erkan, governor of Türkiye's central bank (file) 3. various of Türkiye's central bank and Turkish lira (file) 4. various of Istanbul city (file) 5. various of exchange counter and clerk in exchange counter counting U.S. dollars (file) 6. various of Istanbul Stock Exchange in Türkiye (file) STORYLINE: Türkiye's "transition to the Turkish lira" continues in line with the targets, said central bank governor Hafize Gaye Erkan on Thursday, talking about the country's efforts to use the lira in more investments and savings. Speaking at a meeting with the Banks Association of Türkiye in Istanbul, Erkan said the trend of "liraisation" in saving instruments continues to rise. The governor added that they welcomed the efforts of the banking sector t

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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

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Turkish central bank raises policy interest rate to 40 pct

STORY: Turkish central bank raises policy interest rate to 40 pct SHOOTING TIME: Nov. 13, 2023 DATELINE: Nov. 24, 2023 LENGTH: 00:01:12 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank (date: Nov. 13, 2023) (edited) 2. various of Turkish Lira (date: Nov. 13, 2023) (edited) 3. various of Turkish Central Bank Governor Hafize Gaye Erka (date: Nov. 2, 2023) (edited) 4. various of Turkish Lira (date: Nov. 13, 2023) (edited) 5. various of Turkish Central Bank (date: Nov. 13, 2023) (edited) STORYLINE: Türkiye's central bank increased on Thursday its policy rate by 500 basis points to 40 percent. The central bank's monetary policy committee said in a statement that the current level of monetary tightness is assessed to be significantly close to the level required to establish the disinflation course. "Accordingly, the pace of monetary tightening will slow down, and the tightening cycle will be completed shortly," the central bank said in a statement, while noting "the monetar

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Türkiye's current account registers 1.88 billion dollar surplus in September

STORY: Türkiye's current account registers 1.88 billion dollar surplus in September SHOOTING TIME: Nov. 13, 2023 DATELINE: Nov. 14, 2023 LENGTH: 0:01:22 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the safe of Turkish Central Bank (courtesy of Turkish Central Bank) 2. various of U.S. dollars (shooting time: June 15, 2022) 3. various of Turkish Central Bank (courtesy of Turkish Central Bank) 4. various of Turkish Lira (courtesy of Turkish Central Bank) STORYLINE: Türkiye's current account registered a 1.88 billion-U.S.-dollar surplus in September, marking the highest surplus in the last two years, supported by the narrowing foreign trade deficit, as announced by the country's Central Bank on Monday. Xinhua News Agency correspondents reporting from Ankara. (XHTV)

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Turkish central bank raises policy interest rate to 35 pct

STORY: Turkish central bank raises policy interest rate to 35 pct DATELINE: Oct. 27, 2023 LENGTH: 00:01:05 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye's central bank 2. various of Turkish lira 3. various of stores STORYLINE: Türkiye's central bank increased its policy interest rate by 500 basis points from 30 percent to 35 percent on Thursday. The central bank's monetary policy committee said in a statement that it decided to continue the monetary tightening process in order to establish the disinflation course as soon as possible, anchor inflation expectations, and control the deterioration in pricing behavior. In the third quarter, inflation readings were above expectations, said the statement. "The strong course of domestic demand, the stickiness of services inflation, and the deterioration in inflation expectations continue to put upward pressure on inflation," it added. In addition, geopolitical developments have posed risks to the inflation outlook, said the ba

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CHINA-BEIJING-ZHAO LEJI-BRAZIL-CHAMBER OF DEPUTIES-PRESIDENT-TALKS (CN)

(231020) -- BEIJING, Oct. 20, 2023 (Xinhua) -- Zhao Leji, chairman of the National People's Congress Standing Committee, holds talks with President of Brazil's Chamber of Deputies Arthur Lira at the Great Hall of the People in Beijing, capital of China, Oct. 20, 2023. (Xinhua/Zhang Ling)

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CHINA-BEIJING-ZHAO LEJI-BRAZIL-CHAMBER OF DEPUTIES-PRESIDENT-TALKS (CN)

(231020) -- BEIJING, Oct. 20, 2023 (Xinhua) -- Zhao Leji, chairman of the National People's Congress Standing Committee, holds talks with President of Brazil's Chamber of Deputies Arthur Lira at the Great Hall of the People in Beijing, capital of China, Oct. 20, 2023. (Xinhua/Zhang Ling)

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(BRF2023) CHINA-BEIJING-XI JINPING-BRAZIL-CHAMBER OF DEPUTIES-PRESIDENT-MEETING (CN)

(231020) -- BEIJING, Oct. 20, 2023 (Xinhua) -- Chinese President Xi Jinping meets with President of Brazil's Chamber of Deputies Arthur Lira at the Great Hall of the People in Beijing, capital of China, Oct. 20, 2023. (Xinhua/Liu Weibing)

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(BRF2023) CHINA-BEIJING-XI JINPING-BRAZIL-CHAMBER OF DEPUTIES-PRESIDENT-MEETING (CN)

(231020) -- BEIJING, Oct. 20, 2023 (Xinhua) -- Chinese President Xi Jinping meets with President of Brazil's Chamber of Deputies Arthur Lira at the Great Hall of the People in Beijing, capital of China, Oct. 20, 2023. (Xinhua/Zhai Jianlan)

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CHINA-BEIJING-HAN ZHENG-BRAZIL-CHAMBER OF DEPUTIES-PRESIDENT (CN)

(231019) -- BEIJING, Oct. 19, 2023 (Xinhua) -- Chinese Vice President Han Zheng meets with President of Brazil's Chamber of Deputies Arthur Lira in Beijing, capital of China, Oct. 19, 2023. (Xinhua/Zhang Ling)

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CHINA-BEIJING-HAN ZHENG-BRAZIL-CHAMBER OF DEPUTIES-PRESIDENT (CN)

(231019) -- BEIJING, Oct. 19, 2023 (Xinhua) -- Chinese Vice President Han Zheng meets with President of Brazil's Chamber of Deputies Arthur Lira in Beijing, capital of China, Oct. 19, 2023. (Xinhua/Zhang Ling)

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Türkiye sees 84-pct spike in minimum household food costs in Sept.: research

STORY: Türkiye sees 84-pct spike in minimum household food costs in Sept.: research DATELINE: Sept. 30, 2023 LENGTH: 0:01:03 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of views in Istanbul 2. various of people in the streets 3. various of markets STORYLINE: A research revealed on Friday showed that in Türkiye, the minimum food expenses to sustain a family of four surged by more than 84 percent year on year and 9.31 percent month on month in September. This research, conducted by the Confederation of Turkish Trade Unions (Turk-Is), showed that the food budget for a family of four to sustain a healthy and balanced diet has now surpassed 13,000 Turkish liras (around 474 U.S. dollars). Turk-Is attributes the surge in food prices to inadequate production and rising agricultural input costs. Furthermore, the report noted that the living cost for a single worker, including rent, transportation, education, and food, reached 17,300 liras in September, well above the 11,400 lira

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Erdogan's foreign policy shift stems from financial considerations: expert

STORY: Erdogan's foreign policy shift stems from financial considerations: expert DATELINE: Sept. 29, 2023 LENGTH: 00:01:59 LOCATION: Ankara CATEGORY: POLITICS SHOTLIST: 1. various of Turkish flags 2. various of Turkish lira and U.S. dollar 3. Various of shipping trade in Türkiye 4. SOUNDBITE (English): BATU COSKUN, Ankara-based independent political affairs analyst STORYLINE: Batu Coskun, an independent political affairs analyst based in Ankara, said that the foreign policy change stems from Turkish President Recep Tayyip Erdogan's goal of averting exacerbating economic woes at home. Official data showed that Türkiye's annual inflation rate rose to 58.94 percent in August. Experts have noted that Erdogan, following his election victory in May, has embarked on a foreign policy shift aimed at improving relations with the West, a move that coincides with his country's pursuit of external financing. During the July NATO Summit in Lithuania, Erdogan took the spotlight by endorsing Sweden's entry into the mi

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Türkiye's economic shift fuels optimism but challenges persist: expert

STORY: Türkiye's economic shift fuels optimism but challenges persist: expert DATELINE: Sept. 26, 2023 LENGTH: 00:04:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets in Türkiye 2. various of Turkish lira and the U.S. dollar 3. various of people shopping in Türkiye 4. various of shipping trade in Türkiye 5. various of people shopping in Türkiye 6. various of shipping trade in Türkiye 7. SOUNDBITE (Turkish): CAN SELCUKI, Director of Türkiye Raporu STORYLINE: Turkish Finance and Treasury Minister Mehmet Simsek revealed on Sept. 19 that Türkiye obtained some 10.4 billion U.S. dollars in external financing since the country embraced new policies in June. The amount includes 6.7 billion dollars from the banking sector, 367 million from the non-banking financial sector and 3.26 billion from the real sector, according to the report. After the new economic management put in place in June decided to aggressively hike interest rates from 8.5 to 30 percent to curb inflation an

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Türkiye's central bank doubles daily limits for rediscount credits to boost exports

STORY: Türkiye's central bank doubles daily limits for rediscount credits to boost exports DATELINE: Sept. 13, 2023 LENGTH: 00:01:31 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Central Bank 2. various of Turkish Lira and U.S. dollar 3. various of shipping trade in Türkiye (courtesy of Ihlas news agency) 4. various of Turkish Treasury and Finance Minister Mehmet Simsek 5. various of shipping trade in Türkiye (courtesy of Ihlas news agency) 6. various of Turkish Central Bank Governor Hafize Gaye Erkan 7. various of Turkish Central Bank STORYLINE: The Turkish Central Bank said on Tuesday it had raised daily limits of the banks for utilization of rediscount credits for export and foreign exchange earning services to 3 billion liras (111.5 million U.S. dollars) from 1.5 billion liras in a bid to boost exports. "While extending rediscount credits, increase in the share of SMEs (small and medium enterprises) and export performance will be taken into account as has been the case," the centr

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM

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Turkish Lira Still Falling

Turkish Lira banknotes are seen on August 16, 2022 in Ankara, Turkey. The lira has fallen almost 13 % against the U.S. dollar in the last three months, making exports of the Turkish goods more attractive, but also raising prices of imports for the country's consumers. Recent rises in central bank interest rates have helped stave off further declines in the currency. Photo by Abdurrahman Antakyali/Depo Photos/ABACAPRESS.COM