Categories Economy HIGHLIGHTS Politics Turkish Finance Minister rejects backdoor FX sales on Dec 20 when lira rebounded Güldem AtabayPosted on28 December, 2021 Turkey’s public banks or institutions did not sell dollars on the night of Dec. 20, … Continue ReadingTurkish Finance Minister rejects backdoor FX sales on Dec 20 when lira rebounded
Categories Economy HIGHLIGHTS Politics Ex-Central Bankers Among Turkey Lira Pundits Facing Lawsuit Güldem AtabayPosted on28 December, 2021 Turkey’s banking watchdog filed a criminal complaint against many individuals, including two former central bank … Continue ReadingEx-Central Bankers Among Turkey Lira Pundits Facing Lawsuit
Categories Economy HIGHLIGHTS Politics Turkish market for at-risk women at standstill after lira crash Güldem AtabayPosted on28 December, 2021 Hazal Tunc and her friends founded Turkey’s first women-only street market eight years ago to … Continue ReadingTurkish market for at-risk women at standstill after lira crash
Categories Finance General HIGHLIGHTS Tim Ash: Turkey Q&A Atilla YeşiladaPosted on27 December, 2021 Question? What’s your general take on the Turkish macro/policy story Answer: I am probably … Continue ReadingTim Ash: Turkey Q&A
Categories General HIGHLIGHTS Politics Nikkei Asia: Turkish elections may hinge on short window of lira calm Atilla YeşiladaPosted on26 December, 2021 After an unprecedented week for Turkey’s currency, one that saw the lira appreciate over 70% … Continue ReadingNikkei Asia: Turkish elections may hinge on short window of lira calm
Categories Finance HIGHLIGHTS Markets Erdogan claims success against “currency bubble”, is he right? Atilla YeşiladaPosted on26 December, 2021 Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the … Continue ReadingErdogan claims success against “currency bubble”, is he right?
Categories Atilla Yeşilada General HIGHLIGHTS Politics Video-opinion: Has Erdogan Averted a Currency Crisis? Atilla YeşiladaPosted on24 December, 2021 Only 23 minutes! Has Erdogan averted a currency crisis? Since the CBRT … Continue ReadingVideo-opinion: Has Erdogan Averted a Currency Crisis?
Categories Economy HIGHLIGHTS Turkey’s state banks boosted lira rally after Erdogan rescue plan Güldem AtabayPosted on23 December, 2021 Turkey’s state banks aggressively sold dollars this week, boosting a rally in the lira after … Continue ReadingTurkey’s state banks boosted lira rally after Erdogan rescue plan
Categories Economy HIGHLIGHTS Anne O. Krueger: How Erdonomics Sank Turkey Atilla YeşiladaPosted on23 December, 2021 Turkey’s economy is in crisis. Inflation is high and rising, economic growth is stalling, foreign-exchange … Continue ReadingAnne O. Krueger: How Erdonomics Sank Turkey
Categories General HIGHLIGHTS Tech Turkey prepares to build 3 new warships Cem CetingucPosted on22 December, 2021 Turkey’s top defense industry body announced Wednesday that it will hold a tender for the … Continue ReadingTurkey prepares to build 3 new warships
Categories Economy General HIGHLIGHTS Politics CHP: Wisdom can solve Turkey’s problems Cem CetingucPosted on22 December, 2021 The economic problems of Turkey can be resolved with wisdom and science, the leader of the Republican … Continue ReadingCHP: Wisdom can solve Turkey’s problems
Categories Economy General HIGHLIGHTS Foreigner shopping craze in Turkey due to Turkish Lira crash Cem CetingucPosted on22 December, 202122 December, 2021 The sea of Bulgarian buses parked outside a market in Turkey’s historic city of Edirne … Continue ReadingForeigner shopping craze in Turkey due to Turkish Lira crash
Categories Economy Finance HIGHLIGHTS Macro Snapshot: Consumer Confidence Index Cem CetingucPosted on22 December, 2021 In December, CCI decreased by 3.1% MoM to 68.9 (November: 71.1) which was the lowest … Continue ReadingMacro Snapshot: Consumer Confidence Index
Categories Finance HIGHLIGHTS Markets FORTUNE: Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new plan to lure Turks away from dollars Atilla YeşiladaPosted on22 December, 2021 The Turkish lira’s wild ride continued with a leap of as much as 43% against … Continue ReadingFORTUNE: Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new plan to lure Turks away from dollars
Categories General HIGHLIGHTS Russell Napier: Turkey’s economic meltdown threatens stability of Europe Atilla YeşiladaPosted on22 December, 2021 It is time to think about Turkey — the country. It may be a faraway … Continue ReadingRussell Napier: Turkey’s economic meltdown threatens stability of Europe
Categories Business Economy Finance HIGHLIGHTS BREAKING: As lira swings, some foreign banks review or scale back Turkey exposure – sources Atilla YeşiladaPosted on21 December, 202121 December, 2021 Reuters just published the following new item on Turkey, which we replicate here in summary … Continue ReadingBREAKING: As lira swings, some foreign banks review or scale back Turkey exposure – sources
Categories HIGHLIGHTS Politics Washington Post: As Turkey’s economy suffers, Erdogan’s opponents step up efforts aimed at unseating him Atilla YeşiladaPosted on21 December, 2021 ISTANBUL — The city’s popular mayor was surrounded by enthusiastic crowds, talking about his hopes … Continue ReadingWashington Post: As Turkey’s economy suffers, Erdogan’s opponents step up efforts aimed at unseating him
Categories Finance General HIGHLIGHTS Tim Ash assesses Erdogan’s new-new Economic Model Atilla YeşiladaPosted on21 December, 2021 Utterly insane. 12.30 – 18.30 lira trading range for the day. First, good news … Continue ReadingTim Ash assesses Erdogan’s new-new Economic Model
Categories Finance HIGHLIGHTS Markets How do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease) Atilla YeşiladaPosted on21 December, 2021 According to AP, Turkish President Recep Tayyip Erdogan on Monday announced a series of measures … Continue ReadingHow do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease)
Categories Company & Industry HIGHLIGHTS Markets Oil prices decrease as global demand lowers Cem CetingucPosted on20 December, 2021 Global oil prices fell on Monday fueled by concerns of rising omicron variant cases worldwide, … Continue ReadingOil prices decrease as global demand lowers