Turkey central bank acts to support lira after polls
Turkey's central bank
Ankara - Arab Today
Turkey's central bank said Monday it was pruning its short term foreign exchange deposit rates, in a bid to support the lira amid political uncertainty after legislative elections at the weekend.
It said the interest rate has been reduced from 4 percent to 3.5 percent for dollar deposits and from 2 percent to 1.5 percent for those in euro, effective from Tuesday.
The decision was due to "recent global and local developments", it said, after the ruling party lost its overall majority in legislative elections.
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Russians challenge doping ban
Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
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To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
