Another wave in the free fall. 1 USD=7,27 Turkish Liras

The Financial Times – Laura Pitel in Ankara and Eva Szalay in London – Jul 28, 5:13 AM

The Turkish lira tumbled to a four-month low against the dollar in the second day of frenetic trading, even as authorities spent about $2bn in an attempt to fend off the heavy selling. The currency dropped as much as 1.6 per cent on Tuesday to 6.97

The Financial Times – Laura Pitel in Ankara – Aug 2, 9:00 PM

At this time of year, Murat Tugay, who runs the 240-room Hotel Aqua in the Mediterranean resort of Marmaris, should be dealing with a packed guestbook and all the challenges of peak season. Instead, the hotel is closed and Mr Tugay is banking on a

“In the near term, policies need to cushion the impact of the Covid-19 crisis and protect the most vulnerable through temporary and targeted fiscal support,” the fund has stated in its External Sector Report.

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