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Savings programme has helped slow selling in the currency, but analysts remain sceptical
Russian role in recent protest deals blow to Turkish president as he seeks to cultivate pan-Turkic unity
Carmakers among those to suffer as government imposes energy restrictions on manufacturing plants
Erdogan plans crackdown as lira turmoil encourages speculation in digital assets
Swap agreement worth $5bn is the latest sign of warming relations between one-time foes
Push to reopen border and restore diplomatic relations between nations would boost trade and transport links
Scale of intervention adds to concern over country’s dwindling foreign currency reserves
Consumer price index climbs 36% year on year in December
Local businesses complain of ‘brain drain’ as programmers take jobs with international companies
Allegations of exchange rate manipulation in social media posts during market gyrations
Confusion on streets of Ankara over new products aiming to bolster the battered lira
Bankers point to ‘very concerted’ effort to boost currency after Erdogan unveiled savings scheme
Domestic money has been lured back from dollars and gold, but foreign funds will be harder to win over
And big American stocks’ outperformance
Ankara’s circuit breaker measures will need to be backed up by a more comprehensive set of policies
Trading chaotic as analysts warn latest plan is a backdoor rate increase that could erode public finances
And household balance sheets
President believes that lower interest rates will reduce inflation and boost capital flows
Cost of protecting against default on country’s debt has also ratcheted sharply higher
Drop in main index triggers circuit breaker as lira crisis deepens
Some exporters benefit from stronger dollar but others crave certainty in face of president’s experiments
Erdogan announces pay boost just hours after central bank cuts rates, sending lira to new low
Country’s central bank expected to cut rates further this week despite inflation above 20%
Case of mistaken identity comes days after Macron’s visit to kingdom
International Edition
