Categories Business Finance HIGHLIGHTS Turkish exporters may have to sell more FX to central bank Atilla YeşiladaPosted on12 April, 2022 Turkish authorities are considering raising the share of foreign currency revenues that exporters are required … Continue ReadingTurkish exporters may have to sell more FX to central bank
Categories Economy General HIGHLIGHTS Ahval News: 60 percent of Turkey unable to make ends meet, new survey finds Cem CetingucPosted on8 April, 2022 Fifty-nine percent of Turkey’s population is unable to make ends meet as their income was … Continue ReadingAhval News: 60 percent of Turkey unable to make ends meet, new survey finds
Categories Company & Industry Economy Finance HIGHLIGHTS S&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war Cem CetingucPosted on4 April, 2022 S&P Global Ratings cut Turkey’s local currency credit rating further into junk, while keeping a … Continue ReadingS&P Global Ratings Cuts Turkey Local Currency Rating amid Russian war
Categories Business Company & Industry Economy HIGHLIGHTS Turkey’s trade in counterfeit goods booms as Lira depreciates Cem CetingucPosted on8 March, 2022 Photos of fake Gucci bags, Louis Vuitton sweatpants and Nike sneakers are flaunted on the … Continue ReadingTurkey’s trade in counterfeit goods booms as Lira depreciates
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 Finance HYPED Markets Turkish Lira: Despite Central Bank intervention, TL is closing the day down Atilla YeşiladaPosted on24 February, 2022 At Turkish time 6 pm, dollar/TL was trading at 14.20-21, despite what Bloomberg News claimed … Continue ReadingTurkish Lira: Despite Central Bank intervention, TL is closing the day down
Categories Finance HIGHLIGHTS Turkish Lira: From peg to managed float? Atilla YeşiladaPosted on23 February, 2022 The Turkish lira weakened as much as 3% against the dollar on Tuesday and Wednesday … Continue ReadingTurkish Lira: From peg to managed float?
Categories Finance HIGHLIGHTS Oil rally could depress TL to $20 vs dollar Atilla YeşiladaPosted on14 February, 2022 Since the beginning of January, dollar/TL exchange rate has been “stuck” at a very narrow … Continue ReadingOil rally could depress TL to $20 vs dollar
Categories Business General HIGHLIGHTS CN: Fears of a catastrophic run on the banks… Atilla YeşiladaPosted on7 February, 2022 Turks are angry and becoming suddenly poor after years of rising wealth as their country’s … Continue ReadingCN: Fears of a catastrophic run on the banks…
Categories Finance HIGHLIGHTS Markets Bloomberg: Turkey’s Real Rate at Minus 35% Deepens the Gloom for Lira Atilla YeşiladaPosted on3 February, 2022 Traders see a probability of almost 50% that the lira will surpass its record low … Continue ReadingBloomberg: Turkey’s Real Rate at Minus 35% Deepens the Gloom for Lira
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 Finance HIGHLIGHTS Markets Reuters: Central Bank sold $600 mn to $1 bn last week to defend Turkish Lira Atilla YeşiladaPosted on1 February, 2022 Turkish authorities either deny intervening in the currency market, or answer questions about the subject. … Continue ReadingReuters: Central Bank sold $600 mn to $1 bn last week to defend Turkish Lira
Categories Economy HIGHLIGHTS Recep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions Atilla YeşiladaPosted on28 January, 2022 The Turkish economy has suffered three major currency crises since a difficult turn was taken, … Continue ReadingRecep Ercin: The Turkish economy’s 2021 fault lines will make 2022 a year of tough decisions
Categories Finance HIGHLIGHTS CBRT passes up on rate cut, but more are underway Atilla YeşiladaPosted on20 January, 2022 The Turkish Central Bank left its weekly repo rate unchanged 14%, in-line with expectations. This … Continue ReadingCBRT passes up on rate cut, but more are underway
Categories Finance HIGHLIGHTS Markets Turkish lira to weaken to 20 per dollar this year, Standard Chartered says Atilla YeşiladaPosted on20 January, 2022 Turkey’s lira is expected to weaken to 20 per dollar by the end of the … Continue ReadingTurkish lira to weaken to 20 per dollar this year, Standard Chartered says
Categories Economy HIGHLIGHTS Politics Turkish lira holds firm after wild ride; World Bank cuts growth view Cem CetingucPosted on13 January, 2022 Turkey’s lira continued a stable trend on Wednesday, in sharp contrast to a volatile plunge … Continue ReadingTurkish lira holds firm after wild ride; World Bank cuts growth view
Categories General HYPED Economy Minister to defend currency with “lawsuits” Atilla YeşiladaPosted on30 December, 2021 Turkey’s currency crisis turned increasingly political on Thursday after a top minister urged citizens to … Continue ReadingEconomy Minister to defend currency with “lawsuits”
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 Economy Finance General HIGHLIGHTS Feeding the fire? Turkish restaurants jack up prices to cover wage hike Cem CetingucPosted on20 December, 2021 Restaurants and other businesses in Turkey’s service sector say they will jack up prices next … Continue ReadingFeeding the fire? Turkish restaurants jack up prices to cover wage hike
