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Turkish lira and U.S. dollar Resul Kaboglu | NurPhoto via Getty Images Turkey’s central bank on Thursday cut its key interest rate by three points points to 43%, returning down the path of monetary easing. The step marked the first rate reduction since April, when the bank hiked rates to 46% in the wake of … Read more
Cityscape at sunset on March 4, 2024 in Istanbul, Turkey. Dia Images | Getty Images News | Getty Images Turkey’s central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%, ending the easing cycle it began in December of last year. The decision comes … Read more
Billing itself as “Stripe for emerging markets,” Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 million in the process. This round is significant, as Sipay plans to expand into markets outside of Turkey, offering additional services like remittances that Stripe currently does not offer in those … Read more
Turkish police pepper spray protesters in Istanbul Police officers seen pepper spraying protesters as people gathered in support of Istanbul Mayor Ekrem Imamoglu near the Istanbul Metropolitan Municipality building, in Istanbul, Turkey, March 23, 2025. (Credit: Reuters) Turkish President Recep Tayyip Erdoğan reportedly called for the destruction of Israel during Eid al-Fitr prayers at the … Read more
The Turkish Cryptocurrency sector welcomed 2025 with a major development. Europe’s WhiteBit, a leading crypto exchange and Misyon Bank, Turkey’s first neobank have partnered up. Announced on 8 January 2025, the collaboration positions WhiteBit to provide liquidity for major cryptocurrencies like BTC, ETH, USDC, USDT and AVAX on Misyon Bank’s secure crypto platform. At the … Read more
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