Turkey’s non-financial corporate sector foreign currency (FX) deficit rose to its highest level since July 2018, reaching nearly $198 billion in January 2026, according to central bank data. The sharp increase reflects a surge in FX liabilities, outpacing relatively stable asset levels, while firms continue shifting toward longer-term borrowing to manage currency risk. However, weakening … Continue reading Turkey’s Corporate FX Deficit Hits 7.5-Year High