Turkey Lets Lira Fall Quicker to Avoid Future Devaluation Risk
6 Articles
6 Articles
Turkey Lets Lira Fall Quicker to Avoid Future Devaluation Risk
The Central Bank of Turkey is accelerating the controlled weakening of the lira in an effort to prevent a sharper devaluation of the national currency in the future, reporting ... . . . . . 14.10.2026, PRIM
Controlled depreciation of the lira by the Central Bank of Turkey - Allows for a gradual depreciation of the exchange rate, in order to limit the…More...
With a delicate balancing act in the foreign exchange market, Ankara is attempting to manage pressures on the lira, allowing the currency to gradually lose value.
The US-based news agency Bloomberg reported on the behind-the-scenes details of Central Bank Governor Fatih Karahan's closed-door meetings with investors in Bangkok. According to the report, Turkey is allowing the Turkish lira to depreciate more rapidly to avoid the risk of a much sharper devaluation in the long term. Karahan reportedly conveyed the message, "When my term ends in 2028, I don't want my successor to need a devaluation that would w…
The effect of currency depreciation on inflation has weakened, as economic activity is also weaker.
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