TR Economy & Updates

Sanchez

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RTE may have sold off the operation against YPG/PKK in exchange to lifting some sanctions
It's weirder than that. Looks like the lifted sanctions are the same ones that were put in place to stop Turkey from doing this operation in the first place. These are the "sanction bodies" that would be used to further sanction Turkish entities if Turkey undertook an operation. Them being removed means what, I have no idea.
 

Lool

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The last 1-year net improvement in the net foreign reserves of Turkey reached a staggering 120 billion dollars
Moreover, it is reported that the TCMB will report the highest gross reserves ever recorded in the history of Turkey this Thursday with the highest net reserves in the history of the republic to be announced within a month or two as it is still a bit below the highest ever recorded amount

 

Saithan

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The last 1-year net improvement in the net foreign reserves of Turkey reached a staggering 120 billion dollars
Moreover, it is reported that the TCMB will report the highest gross reserves ever recorded in the history of Turkey this Thursday with the highest net reserves in the history of the republic to be announced within a month or two as it is still a bit below the highest ever recorded amount

Do you know how much people have been taxed to get back from the brink of death Erdogans, "I don't believe in interest rates" brought upon the people ?
 

Saithan

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Well... that's good news, but what's the ROI (Return on Investment) on these ? Feasibility report, and who's scoring the profit and all those questions that you'd normally ask. A quick calculation shows aprox saving 6 billion/year
 

Saithan

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Let's see how this impacts us. I am sure these raw products are worth more when WW3 breaks out. So keeping them close at home would be better. Also for construction works and such. imo.

Plus I'd prefer we exported higher value added goods.
 

uçuyorum

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Let's see how this impacts us. I am sure these raw products are worth more when WW3 breaks out. So keeping them close at home would be better. Also for construction works and such. imo.

Plus I'd prefer we exported higher value added goods.
Didnt they already sanction us on these
 

Scott Summers

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Lool

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Translation:
Central Bank net reserves are at the highest level in history.


Translation:
There is a widespread belief that the exchange rate is being suppressed through foreign exchange interventions. Yes, the exchange rate is being suppressed right now, but not to prevent it from increasing, but to prevent it from decreasing.

Translation:
Gross Reserves hit record high at 173 MLR USD
Net international reserves hit record at 68 MLR USD
Net forex position hits record high at 61.3 MLR USD
Liquidity surplus (including reverse swap) broke a record with 1.67 TRL TLRef 44.5% indicates successful liquidity withdrawal:
 

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