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25
Nov 2024
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Fear & poverty in Turkey as pandemic hits Erdogan’s base

Turkish economists predicts impoverished Turks could double this year to 20 million & set back two decades of progress in narrowing inequality

Panic in international banks, they want to get rid of the Turkish lira

The Turkish Central Bank's foreign exchange reserves have fallen to $ 49.2 billion since July 17

Fresh lira slide rekindles crisis fears for Turkey

It takes firepower to support a currency, just how much of that the central bank has left has come into focus

Turkish government debt soars by+34% in effort by Erdogan to save failing economy

More than half of the debt, or 825.2 billion Turkish lira ($ 121 billion), is in foreign currency

Turkey seeks global funding help to gird against lira shock

Turkey’s government has appealed to foreign allies in an urgent search for funding

Turkey’s looming Gordian Knot

Ankara is pushing problematic policies as its president’s political survival is hitting up against economic imperatives

Turkish Lira in free fall

The central bank's net FX reserves have fallen sharply to nearly $25 billion from $40 billion this year

Annual data from Turkey’s top statistics authority show increasingly strained economy

The ratio of exports to imports dropped by nearly 20 percent in the past year

Turkey digs in for currency battle

"Cat-and-mouse game" pitches central bank against market forces

Turkey to run out of net foreign currency reserves this week – TD Securities

“Before all buffers are depleted, we think the CBRT will hike rates dramatically and likely introduce tight capital controls”

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