Reflections from our correspondents on the ground in the Turkish capital.
April 8, 2021
Anxious times for a central bank with a net FX position of around minus $60bn.
April 5, 2021
Thigh deep in the economic quagmire, Erdogan regime at least hears that as things stand Europe can live with it, while Biden seems unlikely to opt for a ruckus.
March 25, 2021
Turks starting to pay the bill for 18 years of horrendous economic mismanagement.
March 24, 2021
Lira briefly moves past 8.00 after currency is provided to London offshore. Erdogan appeals to Turks to sell their gold.
March 23, 2021
Officials erecting defences work to make it expensive to short the Turkish currency. “It’s killing people already invested in lira assets,” says analyst.
March 21, 2021
The 2018 Turkish lira crisis did not set wider markets aflame. With the currency poised for another collapse this week, analysts are tracking whether things could be different this time round.
February 28, 2021
Lira goes into reverse as global environment sours and unease grows over how Turkey’s newfound economic orthodoxy might not last.
February 9, 2021
Central bank chief, meanwhile, says no rate hike “for a long time”, though he has not defined “long time”.
February 4, 2021
“The lira is an attractive currency to borrow but we should make the lira an attractive currency with which to invest,” head of banking association and Ziraat Bank also observes in live interview.
February 2, 2021
If individual investors come together to blast towards the stop-loss levels, the FED will likely be asked for help.