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Turkey's currency troubles are fuelling worries about a full-blown balance of payments crisis, and as these graphics show, whichever way you look at it, the country's foreign currency reserves don ...
The currency interventions under Erdoğan administration started as a result of the sale of foreign exchange reserves of the Central Bank of the Republic of Turkey (CBRT). From 2019 to 2020, CBRT sold foreign currency amounting to estimated $128bn to bolster the weakening Turkish lira.
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Turkish President Recep Tayyip Erdogan won reelection last month despite a battered economy and a cost-of-living crisis that experts say are exacerbated by his unconventional economic policies.
Another 9% plunge in Turkey's lira this month and debt market danger gauges at levels last seen during the 2008 global crash have prompted investor concerns that a fresh crisis might be brewing in ...
Turkey's exports as percentage of imports. A longstanding characteristic of Turkey's economy is a low savings rate. [17] Since Recep Tayyip Erdoğan assumed control of the government, Turkey has been running huge and growing current account deficits, $33.1 billion in 2016 and $47.3 billion in 2017, [18] climbing to US$7.1 billion in the month of January 2018 with the rolling 12-month deficit ...
Since the collapse in global oil prices in June 2014, Russian reserves have fallen by over US$100 billion. [54] As oil prices began to stabilize in February–March 2015, the ruble likewise stabilized. The Russian central bank has decreased the key rate from its high of 17 percent to its current 15 percent as of February 2015.
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