Foreign currency
- Markets
The Central Bank Shifts to Buyer Position in Foreign Currency Post-Elections
After the local elections, the demand for foreign exchange in the market reversed. While there was a decline in Dollar/TL,…
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Turkiye’s International Investment Position Data in January: Assets $324.5B, Liabilities $624.5B
As of the end of January, Turkiye’s foreign assets were $324.5 billion and its foreign liabilities were $624.5 billion. The…
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Turkish Trade Minister: The recent fluctuation in the foreign exchange market is temporary
Minister of Treasury and Finance Mehmet Simsek stated that the recent fluctuation in the foreign exchange market is temporary. Simsek…
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CBRT: Deposits of the banking sector decreased by ₺18 billion
Total deposits of the banking sector decreased by ₺18.3 billion in the week ending March 1 compared to the previous…
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Turkish Finance Minister: There will be no general increase in tax rates
Minister of Treasury and Finance Mehmet Simsek made statements. Minister Simsek said, “There will be no general increase in VAT,…
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Foreign exchange sales from the CBRT last week amounted to $4.1 billion
The decrease in the CBRT’s net reserves continued last week. According to economists’ calculations, in the week ending February 23,…
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Foreign experts explained their expectations regarding the CBRT’s interest rate decision
Foreign experts stated that the Central Bank of the Republic of Turkiye (CBRT) may avoid interest rate cuts this year,…
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TEPAV: CBRT should increase the interest rate to 47.5%
According to TEPAV’s assessment, the Central Bank of the Republic of Turkiye (CBRT) should increase the policy rate to 47.5%.…
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Turkiye’s Akbank plans to invest $200 Million in technology this year
Turkish private lender Akbank will invest $200 million (TL 6.14 billion) in technology in 2024, its CEO Kaan Gür told…
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