US dollar ile ilgili hikayeler

In the May 14-28 elections, the "People's Alliance," which consists primarily of the AKP-MHP alliance, gained dominance in both the legislative and executive branches. This led to two significant developments in domestic politics. Firstly, Tayyip Erdoğan, who has returned to the presidency, has seemingly reinstated Mehmet Şimşek as the leader of the economy, aligning with the prevailing public expectations. In our previous editorial, we highlighted that "putting a particular...Devamını Oku

Mustafa Erdoğan

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23 Haz 2023

The Government's Test with Dollar Continues

With a decision taken by President Erdoğan and published in the Official Gazette on March 31, 2023, the interest limit applied to Currency Protected Deposit accounts was abolished. This decision also shows that other regulations will come to prevent the sudden rise of the exchange rate towards the election.

05 Nis 2023

the-governments-test-with-dollar-continues
Central Bank’s Inflation Presentation and Ignoring the Reality

Şahap Kavcıoğlu, President of the Central Bank of the Republic of Turkey (CBRT), announced the inflation report, which includes medium-term inflation forecasts, on January 26th. Kavcıoğlu stated that “the midpoints of our inflation forecast range are 22.3 percent at the end of 2023, in line with our forecasts announced in the previous Report, it corresponds to the level of 8.8 percent at the end of 2024,”. Emphasizing the decreasing energy and commodity prices in his speech, Kavcıoğlu said that the energy costs, which have an important place in the balance of payments, increased by around 43 billion dollars in 2022 compared to 2021, but he predicts that energy prices will decrease in 2023. The most interesting aspect of Kavcıoğlu's presentation was his statement on the claim that Turkey would have a current account surplus in 2023.

01 Şub 2023

central-banks-inflation-presentation-and-ignoring-the-reality
• Brazil and Argentina will announce this week that they are starting preparatory work on a common currency, the Financial Times reported on Sunday, in a move that could eventually create the world’s second-largest currency bloc. The plan, set to be discussed at a summit in Buenos Aires this week, will focus on how a new currency —which Brazil suggests calling the "S ur " (south)— could boost regional trade and reduce reliance on the US dollar.

23 Oca 2023

• After announcing the end of its Asset Purchase Program in June, the European Central Bank raised its key interest rate by a larger-than-expected 50 basis points in July —the first increase in 11 years and the biggest since 2000— bringing its deposit rate to zero in an effort to tackle then-record eurozone inflation of 8.6%. The ECB increased its deposit rates to 2.0% in December with a total of four rate hikes. Record highs: Inflation in the eurozone went ahead ...Devamını Oku

26 Ara 2022

• British Pound sterling hit a 37-year low against the US dollar on Friday after weaker-than-expected UK retail sales data amplified concerns that the country was headed for a prolonged recession. The pound dropped as much as 1% to $1.135, breaching the $1.14 mark for the first time since 1985.

19 Eyl 2022

• The euro dropped to a new two-decade low, falling as much as 0.9% to 0.9951 against the US dollar, as concern about the economic prospects for the region continues to mount. Following the slide, the currency is once again trading at levels last seen in 2002.

24 Ağu 2022

• The euro fell briefly back below parity against the US dollar on Monday, for the first time since July 14, following Russia's announcement of a three-day halt to European gas supplies via the Nord Stream 1 pipeline at the end of this month amid growing investors worries over an exacerbated energy crisis.

23 Ağu 2022

• Hong Kong’s Financial Secretary Paul Chan said the city’s $440 billion foreign exchange reserves would be enough to maintain the linked exchange rate system with the US dollar even as America’s rising interest rates lead to capital outflows.

25 Tem 2022