turkish lira

Turkey Rejigs GDP Calculations as Output Falls for First Time Since 2009

By Daren Butler and Nevzat Devranoglu ISTANBUL/ANKARA, Dec 12 – On paper at least, 79 million Turks got a near 20 percent boost to their average standard of living on Monday when the government rejigged GDP calculations, a change unlikely to stem frustration about an economy now in contraction. Turkey, which restated its gross domestic

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Patriotic Turks Offering Free Fish, Tombstones and Haircuts to Prop Up Lira

By Humeyra Pamuk ISTANBUL, Dec 6 – Free haircuts, scientific funding, fish and tombstones are among the incentives being offered to Turks who answer President Tayyip Erdogan’s call to convert their dollars to lira. Casting recent weakness in the Turkish currency as a plot by outside powers to destroy the economy, Erdogan has urged Turks

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