Obbligazioni valute high yield TURCHIA bond in usd e lira turca (14 lettori)

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Turkey’s budget deficit widened by nearly 900% in a year marked by a presidential election and a pair of devastating earthquakes, an outcome cheered by the government that was forecasting an even bigger fiscal shock.
The shortfall reached 1.4 trillion liras ($46.5 billion) in 2023 from 142.7 billion liras the previous year, according to figures published by the Treasury and Finance Ministry on Monday.


 

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Turkish cenbank net reserves drop some $6 bln last week -bankers
Oggi 06:34 - RSF
ISTANBUL, Jan 23 (Reuters) - The Turkish Central Bank's net reserves slid around $6 billion last week to $23.5 billion, four bankers' calculations showed on Tuesday, continuing to drop after rising above $40 billion late last year.

The calculations showed that total reserves dropped some $1.5 billion to $138 billion last week.

Since June, when President Tayyip Erdogan appointed former U.S. bank executive Hafize Gaye Erkan as governor, the bank has lifted its key interest rate by 3,400 basis points. A Reuters poll forecast another 250 basis point hike to 45% this week, marking the end of its aggressive tightening cycle.

The net reserves rose some $2.9 billion to $40.09 billion in the week to Dec. 22, their highest level since January 2020.

The bank did not immediately respond to a request for comment on the figures. The official data for the week to Dec.

19 will be released on Thursday.

(Reporting by Nevzat Devranoglu; Editing by Daren Butler)
(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))
 

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Turkish President Tayyip Erdogan named deputy central bank Governor Fatih Karahan as Turkey's new central bank governor, the official gazette said early on Saturday.
Karahan's appointment came hours after central bank governor Hafize Gaye Erkan announced her resignation on Friday night on X, citing in part a need to protect her family amid a "reputation assassination".
 

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