The Turkish lira continued its consolidation near its record low as investors braced for the second CBRT decision of the year. The GBP/TRY exchange rate was trading at 22.80, which was a few points be...
Tag: lira
Crypto Donate! MEXC Support Turkey Earthquake With 1 Million Worth Lira
MEXC, the fastest-growing crypto exchange in Turkey, has teamed up with its local staff to support the people who have been injured, providing temporary meals for first responders and affected familie...
The first experiments on the digital Turkish Lira
The first experimentation with the digital Turkish Lira has been successful, with Central Bank of Turkey (TCMB) officials expressing great satisfaction with the results of the test. Clearly, the test...
BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues – Altcoins Bitcoin News
According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since Dec. 13, 2022, BUSD’s supply h...
Turkish lira collapse still underway
The USD/TRY exchange rate continued its consolidation phase despite positive Turkish inflation data. It was trading at 18.75, where it has been in the past few months. This price is a few pips below i...
Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network – Finance Bitcoin News
The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2...
CBRT sticks along & accelerates usage of Digital Lira
Turkey is determined to go ahead with the test on its Digital Lira after the central bank announced that it had concluded the first test. The Central Bank of the Republic of Turkey has added that it p...
Turkey completes first digital lira transactions
Turkey’s national bank announced in a Dec. 29 press release that it has successfully carried out the first transactions involving its digital lira. The Central Bank of the Republic of Turkey (CBRT) sa...
Turkey Pushes Ahead With Digital Lira
Turkey’s central bank announced today that it had completed the first set of tests for its long-planned digital currency. The Central Bank of the Republic of Turkey (CBRT) said that it plans to conti...
Turkey’s Central Bank says digital lira tests will continue in 2023
Turkey’s central bank said Thursday that it successfully carried out the first payment transactions on the Digital Turkish Lira Network as part of first-phase studies. The central bank wil...
Crypto.com Releases Turkish Lira (TRY) Fiat Wallet For Users in Turkey
10 seconds ago | 2 mins read Exchange News Turkey is a crucial expansion region for Crypto.com, the world’s top cryptocurrency platform for licenses, registrations, and security certifications. As a r...
Turkish Lira and Inflation Stabilizes Despite Interest Rate Cuts, Why? – Trustnodes
The Turkish Lira crashed from 8 in September 2021 to 18 TRY per dollar. A dive to 10 made it bounce to 14, and since then it has gradually fallen but has recently become somewhat stable at 18.5. Infla...
Turkish lira at risk after the CBRT decision
The USD/TRY price has been in a consolidation phase in the past few months and is hovering near its all-time high. It was trading at 18.60, which was slightly below the all-time high of 19.25 ahead of...
Can the plummeting Turkish lira recover?
The USD/TRY exchange rate continued its bullish trend after the divergent paths taken by the Federal Reserve and the Central Bank of the Republic of Turkey (CBRT). It jumped to an all-time high of 18....
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Coinotizia
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and...
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed – Economics Bitcoin News
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and...
Turkish Lira could crash to 20 if this happens
The USD/TRY price is approaching its all-time high as Turkey’s inflation continued soaring. The Turkish lira slipped to 17.95 against the US dollar, which is slightly below its all-time low of 18.38. ...
USD/TRY Forecast: USD to lira outlook as inflation surges
The Turkish lira continued its bearish trend on Monday after the latest consumer inflation data. The USD/TRY price jumped to a high of 16.82, which is the highest it has been since June 27th of this y...
Turkish lira forecast after the mild CBRT decision
The USD/TRY price continued rising after the Turkish Central Bank (CBRT) concluded its two-day monetary policy meeting. The pair is trading at 17.36, which is slightly below the all-time high of 18.32...
Lira outlook as Turkey heads to hyperinflation
The spectacular crash of the Turkish lira continued on Friday after the relatively strong consumer inflation data. The USD/TRY pair jumped to 16.50, which is about 25% from where it started the year a...
Ethereum is worth more than the Turkish Lira
Ethereum, the second most capitalized cryptocurrency, has surpassed both the Turkish Lira and the Norwegian Krone in value Ethereum surpasses both the Turkish lira and the Norwegian krone According to...
Turkish Lira Slumps Against Bitcoin As Inflation Blows Past 50%
The Turkish lira slipped against Bitcoin, hovering around a two-month low after data showed annual inflation skyrocketed in February. The lira has lost about 12% against the world’s largest cryptocurr...
Turkey: As Even The Lira Drops, Cryptocurrency Gets Ultra-Trendy
New traders are taking a look at what the technology has to offer. 25% of Turkish investors have been trading cryptocurrencies for more than a year. Turkish women are almost as well represented as men...
Crypto Becomes Ultra-Trendy as Lira Falls
Turkey is currently undergoing mass cryptocurrency adoption. This is despite little regulatory framework for these assets. The demand for digital assets has grown in Turkey amidst a financial crisis. ...
Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira – Coinotizia
Turkey’s President Recep Tayyip Erdoğan reportedly announced that the country’s cryptocurrency law “is ready” and will be submitted to parliament “without delay.” Meanwhile, Turkey’s Financial Crimes ...
Turkey embraces Bitcoin and Tether as the lira keeps spiraling down
The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country’s national currency has lost 40% of its value against the dol...
Bitcoin and Tether Bought Massively in Turkey as Safe Haven from Falling Lira
Yuri Molchan Turks are hastily embracing Bitcoin and USDT, looking to convert plunging Lira and save their money The Wall Street Journal reported that the embrace of crypto is currently proceeding at ...
Turks Turn To Crypto As Lira Continues Plunging
Amid the current economic situation in the country, and coupled with the fact that Turkey’s fiat currency — the lira has not stopped depreciating in recent weeks, a vast majority of Turks have now fou...
Inflation Soars To 19-Year High As Lira Slump Continues
Topline Turkey’s annual inflation soared to a 19-year high in December, according to government data, part of an escalating crisis driven by unorthodox monetary policies touted by President Recep Tayy...
Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits – Economics Bitcoin News
The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time depo...
Can Erdogan’s promise of crypto regulation in Turkey save its falling lira
Many crypto experts and analysts predicted that 2022 would bring a surge in crypto regulation and laws. On 1 January 2022, this already seems to be the case as one country seemingly prepares the groun...