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Turkish Currency Hits Record Lows Over Fears of Overheating Economy The Turkish lira Tuesday hit another historic low against the U.S. dollar amid growing financial market concerns that the Turkish economy is overheating. With elections on the horizon, the government is stoking economic growth. The latest figures saw growth running at over 7 percent, making Turkey one ...
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Taiwan weighs removing Chiang Kai-shek from currency TAIPEI -- Some members of Taiwan's governing Democratic Progressive Party are calling for a redesign of bank notes and coins to remove the portrait of Chiang Kai-shek, who used authoritarian tactics to establish one-party rule on the island that lasted until 1996. About 11.4 billion coins with Chiang's ...
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Fallout from Turkey's currency depreciation: Credit restructuring Let's quickly remember the most important items of business news in Turkey from the past 10 days: Firstly, the Central Bank announced net profits of 18.3 billion Turkish Liras ($4.5 billion) for 2017. This means that the Bank will probably top the corporate tax champion list. Secondly, 2017 GDP growth ...
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