Obbligazioni valute high yield TURCHIA bond in usd e lira turca (5 lettori)

m.m.f

Forumer storico
Turkey Asks People to Ditch Dollars for Lira Savings Ugur Yilmaz 04:43 PM IST, 30 Jan 2022 10:22 PM IST, 30 Jan 2022

(Bloomberg) -- The Turkish government is pushing its lira-rescue plan to a new level: an advertising campaign to convince people to convert their savings to the local currency. A video broadcast on national television and social media on Sunday praises citizens’ hard work and asks them to invest their savings into Turkish lira time deposits that offer protection from currency depreciation. The Lira
has fallen against the U.S. dollar in recent years, plummeting to unprecedented levels toward the end of 2021. President Recep Tayyip Erdogan introduced a set of measures on Dec. 20 to halt the collapse, and the currency has been relatively stable this month. The central bank has also placed the lira at the center of its policy and promised the protect it.

...ogni giorno se ne inventa una..
 

m.m.f

Forumer storico
Turchia: crisi economica porta il gradimento di Erdogan al minimo dal 2015
Ankara, 13 gen 17:45 - (Agenzia Nova)- La crisi economica che sta attraversando la Turchia e le ricette “non ortodosse” adottate dal governo stanno pesando sulla popolarità del presidente turco, Recep Tayyip Erdogan, e del partito di governo Akp (Adalet ve Kalkinma Partisi, Partito giustizia e sviluppo) alla ricerca di una riconferma alle elezioni parlamentari e presidenziali del giugno 2023. Diversi sondaggi indicano un calo della popolarità di Erdogan e dell’Akp che guidano da 19 anni la Turchia a livello più basso dal 2015. Un sondaggio dell’agenzia Metropoll Research mostra che il tasso di approvazione per Erdogan è attualmente al 38,6 per cento dietro quella di potenziali rivali, in particolare i sindaci di Ankara e Istanbul, Mansur Yavas e Ekrem Imamoglu, rispettivamente con il 60 e il 51 per cento del gradimento, ed entrambi esponenti dell’Alleanza nazionale, la coalizione di opposizione formata dal Partito popolare repubblicano (Chp) e dal Partito buono. (segue) (Res)
© Agenzia Nova - Riproduzione riservata
 

pietro17elettra

Nonno pensionato
RPT-Turkey keeps lira in check with low-key interventions-sources 31/01/2022 06:00 - RSF
(Repeats Jan. 28 item with no changes to text)
* FX reserve sales continue but smaller -banker calculations
* Central bank sold $600 mln to $1 bln last week -bankers
* How long it lasts to depend on C/A balance
* Steps calmed lira crisis last month; inflation soared

By Nevzat Devranoglu and Jonathan Spicer
ANKARA, Jan 28 (Reuters) - Turkey's central bank has scaled back its currency interventions in January but still spent as much as $1 billion last week to keep the lira steady after last month's extreme volatility, according to the calculations of bankers and economists.

Data shows the bank sold nearly $20 billion in foreign reserves in December to underpin the currency as it whip-sawed from 18.4 to 10.25 against the dollar, rattling the major emerging market economy and sending inflation soaring.

This month, the lira has settled into a tight range https://tmsnrt.rs/3ACssz0
around 13.5 that several bankers described as a managed exchange rate or "dirty float", after the government took several steps Factbox: Turkey's steps to calm lira crisis, bolster FX reserves
to boost public confidence and official reserves.

Among the measures are central bank purchases of 25% of exporters' hard currency revenues and entire payments from foreigners into a citizenship-for-homes programme, as well as hard currency transfers into a new deposit-protection scheme.

(news)

Four bankers told Reuters the measures have beefed up central bank currency reserves, even as data suggested the bank continued to sell dollars, albeit at a smaller scale than in December when they were easier track.

The central bank's reserves were $600 million to $1 billion short of what would have been expected after last week's dollar-buying, according to three bankers' calculations of leading indicators and official data.

That suggests the dollar-selling interventions totalled $600 million to $1 billion, they said, citing central bank balance sheet and reserves data, as well as lenders' official deposits.

"The central bank not only buys some foreign currency that comes to the market but also its reserves sales are continuous, (resulting in) a forex regime directed by the state," said a senior banker who requested anonymity.

The central bank has not formally announced a market intervention since mid-December. It declined to comment on any recent interventions and the bankers' calculations.

Bank Governor Sahap Kavcioglu on Thursday downplayed claims of reserve sales and repeated no interventions took place on Dec. 20 when the lira mounted its all-time biggest daily rally.

He told a news conference that a drop in net foreign reserves to $7.55 billion in mid-January, a 20 year low, was due to market volatility and demand from state institutions.

(news)
 

pietro17elettra

Nonno pensionato
Turkey's tourism revenues double to $24.5 bln in 2021 31/01/2022 08:05 - RSF
ISTANBUL, Jan 31 (Reuters) - Turkey's tourism revenues jumped 103% to $24.48 billion last year, data from the Turkish Statistical Institute showed on Monday.

In the fourth quarter alone, tourism revenues climbed 95% to $7.63 billion, the data showed.

(Reporting by Berna Suleymanoglu and Oben Mumcuoglu Writing by Daren Butler Editing by Jonathan Spicer)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
 

pietro17elettra

Nonno pensionato
Turkish 2021 trade deficit narrows 7.5% to $46.13 bln 31/01/2022 08:16 - RSF
ISTANBUL, Jan 31 (Reuters) - Turkey's foreign trade deficit shrank 7.5% year-on-year to $46.13 billion in 2021 according to the general trade system, data from the Turkish Statistical Institute showed on Monday, while the December deficit surged 49% from a year earlier.

In 2021, exports jumped 32.8% to $225.3 billion and imports grew 23.6.% to $271.4 billion, the data showed.

In December, exports climbed 24.9% and imports rose 29.9% from the previous year, with the deficit amounting to $6.79 billion, the institute said.

Shifting to a current account surplus has been presented as a centerpiece of the government's sweeping new economic policy focused on low interest rates and stronger exports and credit.

(Reporting by Can Sezer Writing by Daren Butler Editing by Jonathan Spicer)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
 
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