TL will gain value throughout 2024


It takes courage to make this claim in an environment where all Turkish YouTubers claim that TL is overvalued and constantly talk about the foreign exchange crisis. But that's why Real Turkey Channel is unique.
First of all, TL is definitely not overvalued. The depreciation of TL neither supports exports nor reduces the possibility of a currency crisis.

Erdogan does not give up on his economic stabilization program. We explained the reasons.
Cevdet Yılmaz, Mehmet Şimşek and Gaye Erkan will remain in their positions until 2024.

Monetary policy will tighten more than anyone expected. In 2024, the CBRT interest rate will exceed 50%.

The most likely scenario is that the hot money flows, which started a few weeks ago, will accelerate after the local elections. Foreign direct capital can also be added to this.

Money from KKM (quasi-FX deposits) will continue to be flow  to TL deposits.
Well, we also answered what level the dollar/TL will be at the end of 2024.

TL may gain more value than we estimate. We explained the cornerstones of this scenario.

Did you like this content?  Here is another one:

 

Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.