Reuters Turkey, unclaimed
Reuters Turkey, unclaimed
Reuters news agency reported that the Central Bank’s pain, minute after the milk clock that President Erdogan would come before the interest… 01.12.2021, Sputnik Turkey
Recep Tayyip Erdogan
the central bank
Once President Recep Tayyip Erdoğan has given up on higher interest rates, the Central Bank announced that it is selling dollars to support the Turkish lira. It was reminded that the reserves, for which $48 billion worth of swaps (swap) used in the US but made with local exchanges, are negative. It is interpreted as a ‘false proposal’ to support monetary policy, which has caused the lira to depreciate more than 40 percent on the dollar front this year. , $128 billion to peg the lira in 2019-2020, and still in store. Net reserves were $28 billion in August 2020, while contributing 11 billion took just 5 months. These figures have been down from education since 2003. The higher the reserves, the more likely devaluation becomes. Erdonomy is an expensive endeavor.”
analysis, recep tayyip erdogan, inflation, Reuters, dollar, central bank, news, interest
Reuters news agency is announced with a review about using ‘Turkey’ to make dollars to end the departure of the Turkish lira minutes from the weaning presentation to the future before President Erdogan’s visit.
President Recep Tayyip Erdoganonce again high from interest minutes before he gave up on a schedule, the central bank He announced that he was selling dollars to support the Turkish lira.
In the news signed by Dasha Afanasieva, it was reminded that the net reserve of the Central Bank was created in November, 25 billion dollars will be created from 28 billion dollars compared to the previous month, and 48 billion dollars worth of swaps created with local people are calculated when the reserves are negative.
“The bank’s reserves fell by 25 candidates from $28 billion in November, which can be seen as a lost net in November. This includes another swap, which will be 48 if reserves from local banks are definitely available. This means that the lira has appreciated more than 40 percent on the dollar this year. It is interpreted as a ‘false proposal’ to support monetary policy that causes
Supporting the currency, Turkey’s inflation dollar. The bank has $128 billion to peg the lira in 2019-2020 and still has it in store.
Net reserves were $28 billion in August 2020, while contributing 11 billion took just 5 months. These figures are the best level of education since 2003. The higher the reserves do not become, the more likely a devaluation becomes. Erdonomy is an expensive endeavor.”