Rising inflation, February earthquakes and tax hikes have had a negative impact on Turkey's tourism sector, with hotel occupancy rates in the country's resorts at 60-70%, Turkish daily Dunya reported on Wednesday, citing a tourism official

The Bank of Turkey raised the country's key interest rate from 15% to 17.5% on Thursday amid a dramatic devaluation of the Turkish currency, the lira, and growing energy prices

Turkish government bodies have received a letter signed by Finance Minister Mehmet Simsek reminding them of the need to review all expenditures and be more frugal, state-owned Anadolu news agency reported on Monday

Foreign exchange reserves of the Turkish Central Bank increased to $108.6 billion at the end of June from $98.5 billion at the end of May, with the Turkish Ministry of Treasury and Finance set to seek new sources of external injections, Turkish Finance Minister Mehmet Simsek said on Tuesday

Turkish Central Bank Governor Hafize Gaye Erkan has said that the bank will no longer use its foreign exchange reserves to support the exchange rate of Turkish lira, the Ekonomim news agency reported on Monday, citing sources

The Turkish national currency has dropped to its historical low of around 25 liras against the US dollar after the Central Bank of Turkey raised the key rate not as significantly as was anticipated, trading data showed on Friday

The Turkish national currency fell to its historical low of around 24 liras against the US dollar after the decision of the Central Bank of Turkey to raise the rate, trading data showed

The Turkish Central Bank may announce a hike of key interest rate from the current 8.5% to as high as 40% this week as a measure to support the depreciating national currency and attract investments, media reported on Tuesday