Categories Finance HIGHLIGHTS Flow of funds Report: CBRT reserves decline, foreign funds buy TL assets Atilla YeşiladaPosted on23 November, 2024 In the week of November 15, the USD1.6 billion decrease in the CBRT’s net FX … Continue ReadingFlow of funds Report: CBRT reserves decline, foreign funds buy TL assets
Categories Finance HIGHLIGHTS Turkey’s Central Bank Gross Reserves Reach $160 Billion:Yilmaz Cem CetingucPosted on12 November, 202412 November, 2024 Turkish Vice President Cevdet Yilmaz announced that the Central Bank of the Republic of Türkiye (CBRT) has raised its … Continue ReadingTurkey’s Central Bank Gross Reserves Reach $160 Billion:Yilmaz
Categories Finance HYPED Weekly banking data: CB reserves decline, FX deposits increase, foreign investors sell TL assets Atilla YeşiladaPosted on18 August, 2024 In the week of August 9, the USD4.6 billion decrease in the CBRT’s net FX … Continue ReadingWeekly banking data: CB reserves decline, FX deposits increase, foreign investors sell TL assets
Categories Economy HIGHLIGHTS Simsek lists achievements of stability program, pleads for more time Atilla YeşiladaPosted on14 December, 2023 Talking to pro-AKP daily Hurriyet, Minister of Treasury and Finance Mehmet Şimşek stated that the … Continue ReadingSimsek lists achievements of stability program, pleads for more time
Categories Finance HIGHLIGHTS Bloomberg claim: Abu Dhabi Wealth Fund to buy 10 year sukuk from Turkey Atilla YeşiladaPosted on24 November, 2023 When President Erdogan and his economy czar Mehmet Simsek visited the Gulf countries after May … Continue ReadingBloomberg claim: Abu Dhabi Wealth Fund to buy 10 year sukuk from Turkey
Categories Economy Finance HIGHLIGHTS Brad W. Setsar: Turkey’s Increasing Balance Sheet Risks Atilla YeşiladaPosted on7 June, 2023 Turkey’s finances were pushed to the breaking point by his efforts to juice the economy—and … Continue ReadingBrad W. Setsar: Turkey’s Increasing Balance Sheet Risks
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
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
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
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
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
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
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
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
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
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
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?
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
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
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
