Turkish Lira

The currency of Turkey. It traces its history back to the Ottoman Empire. Until 2005, the lira was subject to high (though not crippling) inflation. The "new lira," which revalued the currency, was introduced in 2005. It 2009, the word "new" was removed from coins, and it became the lira again.

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References in periodicals archive

But Turkish Cypriots cannot abolish the Turkish lira in the north altogether.

TURKEY: Collapsing TRL hurts Turkish Cypriots

Turkish Cypriot 'prime minister Tufan Erhurman will reportedly travel to Ankara within the week to meet with Turkish President Recep Tayyip Erdogan to discuss the measures taken to offset the downfall of the Turkish Lira.

Unions in north to go on indefinite strike as of Monday

He added: The value of the Turkish Lira in this date last year was equal to 350 Lira per hundred dollars.

Unprecedented Decline To The Turkish Lira Against The $US

The Turkish Lira's steep decline in recent months will likely imply worsening asset quality and growth in risk-weighted assets (RWAs) that will become pressure points for Turkish financial institutions, says Moody's Investors Service.

MOODY'S: TURKISH LIRA DEPRECIATION AFFECTS DOMESTIC BANK'S CREDIT PROFILES

The rapidly declining Turkish lira has led to an emergency meeting being called by the central bank in Turkey.

Emergency meeting to discuss sliding Turkish lira

"The Turkish lira is seemingly under added pressure due to heightened tension in Syria," said a note from Ekspres Invest.

Turkish lira hovers near record lows

According to Shavasb Bohjdalian, CEO of Eurivex, a company that offers trading platforms that include the Turkish lira, the Turkish lira has dropped by 18.8% so far against the euro this year and by 15.5% against the dollar.

Turkish Cypriot spending in south collapses

-KfW boosts Turkish lira bond