La banca centrale turca ha perso $ 40 miliardi dal 19 marzo
https://www.sozcu.com.tr/tcmb-rezervleri-erimeye-devam-ediyor-kayip-40-milyar-dolari-asti-p160935
di turkish__cowboy
La banca centrale turca ha perso $ 40 miliardi dal 19 marzo
https://www.sozcu.com.tr/tcmb-rezervleri-erimeye-devam-ediyor-kayip-40-milyar-dolari-asti-p160935
di turkish__cowboy
3 commenti
Following March 19, the Central Bank of the Republic of Turkey (CBRT) sold over $26 billion in foreign exchange reserves within the first three days to curb exchange rate volatility, and later introduced additional regulatory measures targeting the financial markets.
**MEASURES FALL SHORT, RESERVE DEPLETION CONTINUES**
Despite these steps, the economic policy led by Treasury and Finance Minister Mehmet Şimşek has failed to convince the markets.
After the March 31, 2024 local elections, the CBRT’s net foreign exchange position, which had initially seen a sharp increase, lost over $40 billion in value following March 19.
As of April 7, 2025, the CBRT’s net foreign exchange holdings dropped to $19.3 billion. This marks a total decline of $41.8 billion since the interventions began on March 19.
Meanwhile, criticism of the operation is not limited to the depletion of foreign reserves. The BIST100 index on the Istanbul Stock Exchange has also declined by roughly 15% since March 19.
This shows how strong the Turkish economy truly is. All rival countries should take note.
I wish the EU would recognize how powerful Turkey really is and accept us into the Union as equal partners, instead of supporting Southern Cyprus and continuously vetoing Turkey’s accession.
Still, I remain hopeful. Some European countries are more responsible than others. For example, Hungary and Poland. They have consistently supported our accession, proudly and rightfully so. So we should give credit where it’s due and acknowledge what is right.
Erdogan believes he can recreate the Ottoman Empire or somehow make the Islamic world the dominant one. Just like Gamal Abdel Nasser did. So if the Western economic ideas made the West rich it means the Islamic ones can make Turkey richer, as they are clearly superior according to his circle as Islam created most science in the world and Islam is the truth while the secular ideas have just been lucky for some years. The Turks who have an actual secular education, unlike Erdogan, understand that this idea will not work. But even so the secular Turks in top government positions are family members and friends not the greatest experts in Turkey. Meaning Turkey has to rely on some son-in-law to fix the economy of 88 million people. If you are lucky he’s competent.