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Timothy Ash

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Timothy Ash

Timothy Ash latest

Central Bank Governor Riad Salameh governor once again ruled out a break in the long-standing peg on Monday, saying the government had the means to maintain it.
October 31st, 2019 - 06:42 GMT

How Would Breaking Lebanon's FX Peg Affect the Deteriorating Economy?

Lebanon’s political and banking crisis has put growing pressure on its 22-year-old currency peg to the US dollar and foreign funds fear a devaluation now could be disastrous for a country with one of the world’s biggest foreign debt burdens. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"} The risk of devaluation has risen as Lebanon grapples with its most severe economic pressures since the 1975-90 civil war, with widespread ...
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Turkish President Tayyip Erdogan gives flowers to his supporters upon his arrival at the Extraordinary Congress of the ruling AKP (AFP)
May 22nd, 2017 - 05:00 GMT

Turkish President Re-appointed as AKP Leader

While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)
July 21st, 2016 - 09:00 GMT

Turkey takes steps to reassure international investors in wake of failed coup

The lira fell to as low as 2.6462 against the greenback early on Tuesday, just shy of a record low hit last Friday at 2.6475.
March 12th, 2015 - 08:07 GMT

A critical juncture: Erdoğan, Fed concerns crush lira despite central bank efforts

President Recep Tayyip Erdogan blamed an “interest rate lobby” of speculators for the Turkish lira’s slide and said he would discuss its decline with the country’s embattled central bank.
March 8th, 2015 - 12:44 GMT

'Not me'! Erdogan blames lira crash on speculators, US dollar

The deterioration of relations between Turkey and credit rating agencies will make life harder for both investors and the nation.
September 25th, 2014 - 03:55 GMT

Why Turkey's 'tense' relations with rating agencies is damaging

The Fitch statement from Monday -- which some observers interpreted as fairly balanced -- warned that the Turkish economy is not immune from political risks.
August 14th, 2014 - 03:55 GMT

From tweets to public outrage: understanding Turkey's bitterness towards credit rating agencies

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