TR Economy & Updates

[Turko]

This is normally enclosed in any foreign reserve estimation .. but i saw the fx reserves report of TCMB and i cant found u allegations ?

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

m.bloomberght.com

TCMB - Central Bank of the Republic of Turkey and Bank of Korea Enter Into Bilateral Currency Swap Agreement (2021-34)

The Central Bank of the Republic of Turkey is responsible for the monetary and exchange rate policies in Turkey. The primary objective of the Bank is to achieve price stability.

www.tcmb.gov.tr

Turkey considers swap deals with 4 countries, pledges to boost lira

Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, the central bank chief told a meeting...

www.dailysabah.com

Main opposition leader claims Turkey's Central Bank reserves at minus 53 billion dollars

Earlier, President Erdoğan said the Central Bank had 109 billion dollars of foreign exchange reserves.

m.bianet.org

 

[Abdelaziz]

TCMB - Central Bank of the Republic of Turkey and Bank of Korea Enter Into Bilateral Currency Swap Agreement (2021-34)

The Central Bank of the Republic of Turkey is responsible for the monetary and exchange rate policies in Turkey. The primary objective of the Bank is to achieve price stability.

www.tcmb.gov.tr

Turkey considers swap deals with 4 countries, pledges to boost lira

Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, the central bank chief told a meeting...

www.dailysabah.com

Main opposition leader claims Turkey's Central Bank reserves at minus 53 billion dollars

Earlier, President Erdoğan said the Central Bank had 109 billion dollars of foreign exchange reserves.

m.bianet.org

That means no thing .. u said that without swaps reserves will be -30b$ .. please reply with formal reports that support this claims

 

[Tornadoss]

That means no thing .. u said that without swaps reserves will be -30b$ .. please reply with formal reports that support this claims

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

www.bloomberght.com

In the week of September 24, the net foreign exchange reserves of the Central Bank of the Republic of Turkey exceeded 30 billion dollars. Excluding swaps, net reserves were recorded as minus $37.3 billion.

 

[Abdelaziz]

Ok

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

www.bloomberght.com

In the week of September 24, the net foreign exchange reserves of the Central Bank of the Republic of Turkey exceeded 30 billion dollars. Excluding swaps, net reserves were recorded as minus $37.3 billion.

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

www.bloomberght.com

In the week of September 24, the net foreign exchange reserves of the Central Bank of the Republic of Turkey exceeded 30 billion dollars. Excluding swaps, net reserves were recorded as minus $37.3 billion.

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

www.bloomberght.com

In the week of September 24, the net foreign exchange reserves of the Central Bank of the Republic of Turkey exceeded 30 billion dollars. Excluding swaps, net reserves were recorded as minus $37.3 billion.

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

www.bloomberght.com

In the week of September 24, the net foreign exchange reserves of the Central Bank of the Republic of Turkey exceeded 30 billion dollars. Excluding swaps, net reserves were recorded as minus $37.3 billion.

Ok .. but according to this report reserves keep increasing .. they were -40 then -37 .. it now -34 .. excluding the fact that swaps is normal composition of any fx

 

[Indos]

Turkey gets $6.4B as IMF deploys record $650B in SDR allocation

Turkey has received a foreign currency boost of $6.4 billion thanks to the International Monetary Fund’s (IMF) new Special Drawing Rights (SDR)...

www.dailysabah.com

 

[Xenon54]

AKP fanatics about the current economic crisis.

 

[Lool]

Merkez Bankası'nın net rezervi 30 milyar doları aştı

24 Eylül haftasında Türkiye Cumhuriyet Merkez Bankası'nın net döviz rezervi 30 milyar doları aştı. Swaplar dışarıda tutulduğunda net rezerv ise eksi 37,3 milyar dolar olarak kaydedildi.

www.bloomberght.com

In the week of September 24, the net foreign exchange reserves of the Central Bank of the Republic of Turkey exceeded 30 billion dollars. Excluding swaps, net reserves were recorded as minus $37.3 billion.

Isnt that an old estimate
I believe it was -37.3 around last month
This month it is around -34 billion, or am I wrong?

 

[Turko]

Finally you understand TCMB in depth.

I wonder how Turkish economy could turn back those SWAPs with new USD prices.

Remember China,Qatar and Korea didn't donate those amount of USD.

 

[Lool]

Dont really like giving passports to foreigners just by buying homes but hopefully real estate prices may start to cool down a bit

House sales to foreigners stumble as Turkey tackles inflated prices

Ever-growing residential property sales to foreigners in Turkey, mainly driven by the promise of citizenship, are starting to slow after a new government...

www.dailysabah.com

 

[Nilgiri]

Finally you understand TCMB in depth.

I wonder how Turkish economy could turn back those SWAPs with new USD prices.

Remember China,Qatar and Korea didn't donate those amount of USD.

Well essentially they retain (and hold) the lira TR govt gave for it....as part of their reserves etc.

It is above and beyond what free market trade does naturally (ie it is govt to govt involved).

So these govts essentially trust TR economy is good for it (i.e over time eventually they use the lira to buy TR goods + invest etc).

But if TR economy is mishandled (and say TL continues to depreciate, rendering their holding of it less good), these options become less and less forthcoming from other countries

 

[Tornadoss]

Isnt that an old estimate
I believe it was -37.3 around last month
This month it is around -34 billion, or am I wrong?

This was for last month though there wouldn't be huge changes and not sure there is data for this month.

 

[Lool]

This was for last month though there wouldn't be huge changes and not sure there is data for this month.

Hm... you may be right
But considering that it was -40 billion not that long ago, I would say that there may be a trend of a reduction of around 3 billion every month which means that by the end of Q2 next year, TCMB may have positive reserve value Hopefully
Lets see how it goes this month

 

[HTurk]

Hm... you may be right
But considering that it was -40 billion not that long ago, I would say that there may be a trend of a reduction of around 3 billion every month which means that by the end of Q2 next year, TCMB may have positive reserve value Hopefully
Lets see how it goes this month

Remember declining imports while skyrocketing exports - all thanks to depreciating Lira. Where do you think is the surplus in our current account going?

The money is used to payback AKP's hidden public debts because at the end of the day it's just a different line of credit. The government owes this money.

Best case scenario: AKP pays back its debts, swaps are reversed and if we're lucky we'll reach 30 to 40 B USD in real Foreign Exchange Reserves in 1.5 to 2 years.

 

[Abdelaziz]

This was for last month though there wouldn't be huge changes and not sure there is data for this month.

There is new data for this month .. fx reached 125.7 b$

 

[cengaver]

Bizim gibi Türk emekçileri 2001-2021 arasında ne kadar fakirleşti bir bilseniz, bunu yazmaktan bile utanıyorum. Zerre Atatürk'ü sevmeyen salaklar da, her sıkıntıda onun arkasına saklanırlar. Zengin ile fakir arasındaki uçurum çok açıldı.

 

[Yasar_TR]

Bizim gibi Türk emekçileri 2001-2021 arasında ne kadar fakirleşti bir bilseniz, bunu yazmaktan bile utanıyorum. Zerre Atatürk'ü sevmeyen salaklar da, her sıkıntıda onun arkasına saklanırlar. Zengin ile fakir arasındaki uçurum çok açıldı.

English please! Forum language is English!

 

[Sinan]

What thoughts? Erdo has a plan. Lower the value of TL and cut the interest rates so borrowing TL will become easier. Hopefully, this will increase exports and lower imports as local producers will look to use local components in their products(Rather than buying radar altimeter from Canada, Roketsan will buy it from Meteksan) as those will be priced really competitive. This means small to medium-sized companies will flourish. If successful rather than driving the economy with local consumption, the economy will be driven by exports. Tosyalı will sell its steel dirt cheap will even be competitive with China. It is an extremely risky plan and not guaranteed to succeed. Even if somehow he succeeds average citizens will pay the price for it and be sentenced to African level of poverty for the foreseeable future before TR becomes a powerhouse exporter country. And if he fails we will be left alone with the ruins of a broken economy.

Complete rubbish post, nothing to do with reality.

 

[Sinan]

Bizim gibi Türk emekçileri 2001-2021 arasında ne kadar fakirleşti bir bilseniz, bunu yazmaktan bile utanıyorum. Zerre Atatürk'ü sevmeyen salaklar da, her sıkıntıda onun arkasına saklanırlar. Zengin ile fakir arasındaki uçurum çok açıldı.

AKP fanatics say, exports this exports that.

That is not true exports will increase, but even if it had, that has no impact on the workers and their families. %90 of the country have nothing to gain from exports raising only some bosses would benefit.

I don't agree on 2001 - 2010 but after 2013, everything went to shit. Now we are living in a nightmare.

 

[Turko]

There you go. Akp supporters have started murmuring.

"
There must be an explanation for the high exchange rate policy implemented by the economic management.

Society is reactive, minds are confused.

In that case, the architects of politics should enlighten the public in detail, give confidence and give hope.

We desperately need this."

https://twitter.com/i/web/status/1451478198470983680

İt is being said that minumum wage will rise by government.

Again government is loading all burden( which was Erdoğans fault) onto business people.

Any business people wouldnt rise minumum wage, they will just fool government.

 

[Elaser]

AKP fanatics say, exports this exports that.

That is not true exports will increase, but even if it had, that has no impact on the workers and their families. %90 of the country have nothing to gain from exports raising only some bosses would benefit.

I don't agree on 2001 - 2010 but after 2013, everything went to shit. Now we are living in a nightmare.

LOL you think you can borrow your way to high income status? You've got to export but ofcourse simpleminded people want to stare at their belly buttons not wanting to see reality...