Categories HIGHLIGHTS Politics Ali Babacan expresses regret for silence on Erdoğan’s policies Cem CetingucPosted on6 August, 2024 Head of the Turkish opposition Democracy and Progress Party (DEVA) Ali Babacan said he regrets … Continue ReadingAli Babacan expresses regret for silence on Erdoğan’s policies
Categories Economy HIGHLIGHTS Politics Turkish Lira Hits All-Time Low Ahead of Elections Cem CetingucPosted on24 April, 2023 The Turkish lira fell to an all-time low against the US dollar on Tuesday as … Continue ReadingTurkish Lira Hits All-Time Low Ahead of Elections
Categories Economy HIGHLIGHTS CBRT eases TL-saving rules even more Cem CetingucPosted on5 April, 2023 In a bid to promote and protect savings, the Turkish central bank has allowed banks … Continue ReadingCBRT eases TL-saving rules even more
Categories Economy General HIGHLIGHTS Head of Turkish Exporters: FX rate is the real indicator for inflation Cem CetingucPosted on8 December, 20228 December, 2022 The exchange rate should be directly proportional to inflation levels, the head of the Turkish … Continue ReadingHead of Turkish Exporters: FX rate is the real indicator for inflation
Categories Economy General HIGHLIGHTS HYPED Lira’s faith after CBRT rate cut seems ‘unfortunate’ Cem CetingucPosted on21 October, 202221 October, 2022 The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy Finance General HIGHLIGHTS HYPED HSBC: CBRT sold 107 billion dollars in 9 months Cem CetingucPosted on10 October, 202210 October, 2022 According to HSBC Portfolio’s calculations, it is estimated that the Central Bank’s reserves for exchange … Continue ReadingHSBC: CBRT sold 107 billion dollars in 9 months
Categories Business Finance General HIGHLIGHTS Politics Turkish banks left paralysed due to new regulations Cem CetingucPosted on13 September, 2022 Some Turkish banks are curtailing corporate lending after the government’s latest raft of regulations raised … Continue ReadingTurkish banks left paralysed due to new regulations
Categories Economy Emerging Markets General HIGHLIGHTS Mustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn Cem CetingucPosted on4 August, 2022 The euro’s slide to parity with the dollar is producing fresh strains for Turkey’s foreign … Continue ReadingMustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn
Categories Economy General HIGHLIGHTS Markets Turkish Lira’s downfall: Currency plunges most since 2021 Cem CetingucPosted on25 May, 2022 The Turkish lira plunged the most since a rout late last year, as a steep … Continue ReadingTurkish Lira’s downfall: Currency plunges most since 2021
Categories Business Economy HIGHLIGHTS Politics Turkish part of Cyprus reels under lira crisis amid stark dependence on Ankara Cem CetingucPosted on3 March, 20223 March, 2022 In the breakaway statelet of northern Cyprus, people are grappling with a perfect economic storm, … Continue ReadingTurkish part of Cyprus reels under lira crisis amid stark dependence on Ankara
Categories Economy Finance HIGHLIGHTS Turkish Lira: Doomed to devaluation? Cem CetingucPosted on2 February, 2022 For investors in Turkey, December 2021 will go down as the month of the white-knuckle … Continue ReadingTurkish Lira: Doomed to devaluation?
Categories Economy General HIGHLIGHTS Politics Erdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes Cem CetingucPosted on13 January, 202213 January, 2022 Turkey’s economy had a difficult year, with its currency depreciating and inflation skyrocketing. Experts warn … Continue ReadingErdogan persists on Economic Policy as Turkey’s Inflation Rises, Currency Crashes
Categories Economy General HIGHLIGHTS Turkish Lira plummets, brings doom to Northern Syria Cem CetingucPosted on14 December, 2021 Mohammed al-Debek, a schoolteacher in northern Syria, is on strike: the currency devaluation in neighbouring … Continue ReadingTurkish Lira plummets, brings doom to Northern Syria
