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Tag: Central Bank reserves

Despite soaring current account deficit,  Central Bank FX reserves continue to increase
Categories Economy HIGHLIGHTS

Despite soaring current account deficit,  Central Bank FX reserves continue to increase

Atilla YeşiladaPosted on12 January, 2023

Cover chart in Turkish:  Annualized  current account deficits   November’s balance of payments data show … Continue ReadingDespite soaring current account deficit,  Central Bank FX reserves continue to increase

Tim Ash:  Erdogan’s economic plan for election’s revealed
Categories HIGHLIGHTS Politics

Tim Ash:  Erdogan’s economic plan for election’s revealed

Atilla YeşiladaPosted on25 August, 2022

Tim Ash explains Erdogan’s risky strategy to bankroll elections … Read More >Tim Ash:  Erdogan’s economic plan for election’s revealed

Erdogan’s Plan to Avert  Economic Crisis Gets Summer Reprieve
Categories Business Economy HIGHLIGHTS

Erdogan’s Plan to Avert  Economic Crisis Gets Summer Reprieve

Atilla YeşiladaPosted on23 August, 2022

A windfall of foreign funds arriving in Turkey and sustained interest in a state-backed deposit … Continue ReadingErdogan’s Plan to Avert  Economic Crisis Gets Summer Reprieve

Central Bank FX reserves drop $5 bn in a week
Categories Finance HIGHLIGHTS

Central Bank FX reserves drop $5 bn in a week

Atilla YeşiladaPosted on20 May, 2022

Central Bank of Turkey is spending its last bullets to defend a de-facto “peg” on … Continue ReadingCentral Bank FX reserves drop $5 bn in a week

Commentary: Roaring trade deficits force Central Bank to waste FX
Categories Atilla Yeşilada Columnists Economy Finance HIGHLIGHTS

Commentary: Roaring trade deficits force Central Bank to waste FX

Atilla YeşiladaPosted on4 May, 2022

Turkey’s trade deficit surged 75% year-on-year in March to $8.17 billion, mainly due to a … Continue ReadingCommentary: Roaring trade deficits force Central Bank to waste FX

RUSSIA – TURKEY CURRENCY CRISIS – Net Forex Reserves DEFICIT of $24 BILLION as Energy Costs Escalate
Categories Finance HIGHLIGHTS Markets

RUSSIA – TURKEY CURRENCY CRISIS – Net Forex Reserves DEFICIT of $24 BILLION as Energy Costs Escalate

Atilla YeşiladaPosted on6 April, 2022

  Please Support The Channel by clicking here: https://www.patreon.com/joeblogsYT https://www.buymeacoffee.com/JoeBlogs   In this video I … Continue ReadingRUSSIA – TURKEY CURRENCY CRISIS – Net Forex Reserves DEFICIT of $24 BILLION as Energy Costs Escalate

Turkey’s NG monopoly sucking up Central Bank reserves
Categories Business HIGHLIGHTS

Turkey’s NG monopoly sucking up Central Bank reserves

Atilla YeşiladaPosted on7 February, 2022

Turkey’s hard-strained industrial natural gas users breathed a sigh of relief today, as state-run NG … Continue ReadingTurkey’s NG monopoly sucking up Central Bank reserves

AKP adding insult to injury by mocking poverty
Categories General HYPED

AKP adding insult to injury by mocking poverty

Atilla YeşiladaPosted on27 November, 2021

The Economist interviewed Turkish citizens se suffering from deepening poverty, as well as quoting the … Continue ReadingAKP adding insult to injury by mocking poverty

Main oppotion leader Kilicdaroglu challenges Erdogan’s FX reserve math
Categories Economy HIGHLIGHTS Politics

Main oppotion leader Kilicdaroglu challenges Erdogan’s FX reserve math

Atilla YeşiladaPosted on26 August, 202127 August, 2021

Main opposition Republican People’s Party (CHP) Chair Kemal Kılıçdaroğlu claimed yesterday (August 25) that the … Continue ReadingMain oppotion leader Kilicdaroglu challenges Erdogan’s FX reserve math

Tim Ash:  A hugely dangerous monetary and exchange rate strategy
Categories Economy Markets

Tim Ash:  A hugely dangerous monetary and exchange rate strategy

Atilla YeşiladaPosted on22 April, 2021

Turkish President Recep Tayyip Erdogan said authorities used $165 billion of central bank foreign-currency reserves … Continue ReadingTim Ash:  A hugely dangerous monetary and exchange rate strategy

Turkey’s gold rush:  Is Ankara expecting US sanctions?
Categories General HIGHLIGHTS Politics

Turkey’s gold rush: Is Ankara expecting US sanctions?

Atilla YeşiladaPosted on21 July, 202021 July, 2020

Turkey scrambles for gold, overtaking Russia as top buyer Turkey has overtaken Russia as the … Continue ReadingTurkey’s gold rush: Is Ankara expecting US sanctions?

Fitch:  Central Bank reserves too low for comfort
Categories Finance Markets

Fitch: Central Bank reserves too low for comfort

Atilla YeşiladaPosted on4 July, 20207 July, 2020

A new Fitch report on Turkey, issued on 3 July, comments that the FX reserves … Continue ReadingFitch: Central Bank reserves too low for comfort

IMF:  Turkey is in the red zone
Categories Economy

IMF: Turkey is in the red zone

Atilla YeşiladaPosted on27 June, 202030 June, 2020

IMF’s recent mid-year global outlook update has created shockwaves in markets, and is now causing … Continue ReadingIMF: Turkey is in the red zone

Turkey’s old nemesis, current account deficits return with vengeance
Categories Economy

Turkey’s old nemesis, current account deficits return with vengeance

Atilla YeşiladaPosted on13 June, 202015 June, 2020

In April, the current account deficit (CAD) was reported as $5.1 billion which is approximately … Continue ReadingTurkey’s old nemesis, current account deficits return with vengeance

Turkey’s quest for  SWAPs ongoing
Categories Finance

Turkey’s quest for SWAPs ongoing

Atilla YeşiladaPosted on6 June, 20206 June, 2020

The liquidity problems experienced in Turkey, along with the economic cost of the pandemic, compelled … Continue ReadingTurkey’s quest for SWAPs ongoing

Turkey sold $44 bln reserves to boost lira this year – bankers, data
Categories Finance

Turkey sold $44 bln reserves to boost lira this year – bankers, data

Atilla YeşiladaPosted on30 May, 202030 May, 2020

Cover Chart: Central Bank net FX reserves br Dr Ali Orhan Yalcinkaya LONDON, May 29 … Continue ReadingTurkey sold $44 bln reserves to boost lira this year – bankers, data

Central Bank increases swap borrowing, FX reserves drop further
Categories Finance

Central Bank increases swap borrowing, FX reserves drop further

Atilla YeşiladaPosted on29 May, 202030 May, 2020

Cover chart: FX deposits in banks vs dollar/TL According to latest data, the FX reserves … Continue ReadingCentral Bank increases swap borrowing, FX reserves drop further

A warning for Turkey: EM’s hidden debt risk
Categories Emerging Markets Finance

A warning for Turkey: EM’s hidden debt risk

Atilla YeşiladaPosted on23 May, 202023 May, 2020

This article penned by  MITALI DAS, ŞEBNEM KALEMLI-ÖZCAN, DAMIEN PUY and LILIANA VARELA and published … Continue ReadingA warning for Turkey: EM’s hidden debt risk

The strengthening of the TL is temporary
Categories Markets

The strengthening of the TL is temporary

Editor P.A.Posted on8 May, 202021 May, 2020

Turkish Lira closed the Turkish trading hours on Friday at 7.11, a substantial gain vs … Continue ReadingThe strengthening of the TL is temporary

OPINION: Remember Pastor Brunson?
Categories Markets

OPINION: Remember Pastor Brunson?

Editor P.A.Posted on5 May, 202021 May, 2020

Pastor Andrew Brunson is an evangelical clergyman who had settled in Turkey to teach the … Continue ReadingOPINION: Remember Pastor Brunson?

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