Displaying items by tag: turkish lira

Turkey’s lira tumbled 1.4% on Wednesday and neared an all-time low hit during a 2018 currency crisis after a regulator clamped down further on foreign access to local markets, exacerbating investors’ concerns over depleted reserves.

The eastern Greek city of Alexandroupoli (population of 60,000) is buzzing. Local business owners are experiencing the kind of booming summer even the big Aegean Islanders would be happy with. Here, it's tourist season all year round.

The so-called “Turkish Republic of Northern Cyprus (TRNC)”, which uses the Turkish lira as its official unit of currency, is considering abandoning the Lira for another currency following its record-breaking fall in value, independent news site T24 said.