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Tag: FX reserves

Turkish Central Bank’s high-wire act to control the exchange rate
Categories Business Finance HIGHLIGHTS

Turkish Central Bank’s high-wire act to control the exchange rate

Atilla YeşiladaPosted on12 November, 2022

(Reuters) – Turkey’s central bank has put the finishing touches to a reserve-management system that … Continue ReadingTurkish Central Bank’s high-wire act to control the exchange rate

Turkey’s swap  deal with UAE boosts CB reserves
Categories Business Finance HIGHLIGHTS

Turkey’s swap  deal with UAE boosts CB reserves

Atilla YeşiladaPosted on20 January, 2022

Turkey and the United Arab Emirates have agreed to a currency swap deal equivalent to … Continue ReadingTurkey’s swap  deal with UAE boosts CB reserves

S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves
Categories Economy General HIGHLIGHTS

S&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves

Cem CetingucPosted on3 December, 2021

Turkey risks damaging confidence in the lira further by using “borrowed” reserves to defend its … Continue ReadingS&P Global Ratings: Risks drastically increase as Turkey uses borrowed lira reserves

Al Monitor:  Turkish lira nears record lows
Categories Finance HIGHLIGHTS Markets

Al Monitor:  Turkish lira nears record lows

Atilla YeşiladaPosted on13 May, 2021

Turkey’s lira fell to a six-month low on Thursday as risks of tighter U.S. monetary … Continue ReadingAl Monitor:  Turkish lira nears record lows

FT:  Turkey looks to weather coronavirus crisis without IMF support
Categories Economy

FT: Turkey looks to weather coronavirus crisis without IMF support

Atilla YeşiladaPosted on27 May, 202029 May, 2020

Turkey’s battered finances have been shaken further by the coronavirus pandemic but President Recep Tayyip … Continue ReadingFT: Turkey looks to weather coronavirus crisis without IMF support

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