Rising geopolitical tensions linked to the Iran war are beginning to weigh on Türkiye’s financial buffers. Data from the Central Bank of the Republic of Türkiye (CBRT) indicate that gross reserves fell sharply in early March, while net reserves excluding swaps declined significantly. Adjusted for the gold price effect, swap-adjusted net reserves have dropped by … Continue reading Iran War Fears Hit CBRT Reserves as FX Demand Rises