Edition:
United States

Nevzat Devranoglu

Turkey's cenbank plans to cut FX reserve requirement upper limit -bankers

Jun 27 2019

ANKARA, June 27 Turkey's central bank plans to decrease the upper limit for the foreign currency maintenance facility within the reserve options mechanism, two bankers told Reuters on Thursday.

RPT-Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

Jun 23 2019

ANKARA/ISTANBUL, June 22 Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday's re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his U.S. counterpart Donald Trump.

Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting

Jun 22 2019

ANKARA/ISTANBUL Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday's re-run election in Istanbul and, days later, a high-stakes meeting between President Tayyip Erdogan and his U.S. counterpart Donald Trump.

Turkey asks local banks to buy its bonds; lenders want 10-year paper -sources

May 28 2019

ANKARA, May 28 Turkey's Treasury has told the country's top banks it expects them to buy more lira-denominated bonds, prompting bankers to ask the government to issue more longer-term debt, two bankers told Reuters on Tuesday.

Turkey to reciprocate U.S. import tariff reductions this week: sources

May 21 2019

ANKARA Turkey's Trade Ministry will implement a reciprocal reduction in tariffs on U.S. imports this week, after the United States halved tariffs on Turkish steel imports, two Turkish sources said on Tuesday.

UPDATE 2-Turkish lira weakens after cenbank repos resume, FX purchase move

May 21 2019

* Lira has lost 37 percent of value since end-2017 (Adds strategist comment, banking watchdog, repo held)

UPDATE 2-Turkey imposes settlement delay on FX purchases more than $100,000

May 20 2019

ANKARA, May 20 Turkey's BDDK banking watchdog on Monday imposed a settlement delay for FX purchases by individuals of more than $100,000, a move that could raise concerns about capital control in the country as it looks protect the value of its local currency.

UPDATE 2-Turkey raises forex sales tax in another lifeline for lira

May 15 2019

* Tax seen boosting government revenues by 1 bln to 4 bln lira

UPDATE 3-Lira slides as Turkey mulls tapping central bank reserves

May 13 2019

* Investors also worried over Istanbul election re-run (Updates numbers, adds details)

Turkish opposition confident of winning Istanbul poll re-run, lira sinks again

May 07 2019

ANKARA Turkey's main opposition party said on Tuesday its candidate for Istanbul mayor would again contest and win the post, after the election board ordered a re-run of the city election in a ruling that has spooked investors and drawn European criticism. | Video

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