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weakens 2.1% after cenbank governor dismissed appeared first on Cyprus Mail .
The AKP submitted objections to the results in all districts of both cities, party officials said on Tuesday."The lira
is under pressure as now the focus is back on structural problems for the Turkish economy," said Nikolay Markov, a senior economist at Pictet Asset Management.
Bankers also said the central bank would meet banks` lira
liquidity needs at the overnight rate of 19.25 percent -- 150 basis points above the benchmark weekly repo rate -- though it might not use the overnight funding on Monday because lira
liquidity needs were low.
"Turkey's central bank managed to calm down the currency markets for the time being by committing to provide liquidity for the embattled Turkish lira
," said Fiona Cincotta, senior market analyst at traders City Index.
I am inclined to believe that this is the first downward cycle for the new Turkish lira
, which was introduced in 2005.
"My brothers who have dollars or euros under their pillow, go and invest your money in lira
. We will foil this plot together," Erdogan told an election rally in the eastern city of Erzurum on Saturday.
"While a stronger US dollar has been generally putting pressure on emerging market currencies recently, the Turkish lira
has been suffering even more on the back of growing concerns over an overheating economy, too high inflation and the independence of its central bank,"said Rey.
"It took us a little to click because our shots werent falling," Lira
has fallen 6.8 percent to the dollar since the start of the year, and has now lost almost a quarter of its value since a failed coup last July.
Eight days after Monte Carlo's escape, Lydia Lira
saw a message on a missing dog forum indicating her dog might be with the Houston animal control department.
Summary: Profits of Bank Audi's fully owned Turkish subsidiary Odeabank jumped remarkably to 50.29 million lira
($17.23 million) in 2015 from 0.35 million lira
in 2014, according to the balance sheets of the bank.
NNA - Turkish shares fell 6 percent in morning trade Monday and the lira
plunged to a new record low against the dollar, as investors took fright at new political uncertainty following legislative elections.