TURKEY DUMPS US TREASURIES TO DEFEND LIRA Turkey sold nearly all of its US Treasury holdings in March, cutting them from $16 billion to jus…
TURKEY DUMPS US TREASURIES TO DEFEND LIRA
Turkey sold nearly all of its US Treasury holdings in March, cutting them from $16 billion to just $1.8 billion, according to US Treasury data.
The selloff came as Ankara moved to support the lira during market turmoil triggered by the Iran war. The central bank also sold foreign currency and gold reserves to stabilize the economy.
Despite the interventions, the lira remains under pressure, inflation has risen to 32.4%, and Turkish bond yields have hit record highs.
More from Walter Bloomberg
- Sat, 23 May 2026 18:28:33 GMTIRAN AND PAKISTAN HAVE SENT REVISED OFFER TO US TO TERMINATE CONFLICT, OPEN STRAIT OF HORMUZ, TWO PAKISTANI SOURCES AWARE OF NEGOTIATIONS S…
- Sat, 23 May 2026 18:27:33 GMTUS RESPONSE TO LATEST PROPOSAL EXPECTED BY SUNDAY, TWO PAKISTANI SOURCES AWARE OF NEGOTIATIONS SAY
- Sat, 23 May 2026 18:04:32 GMTTHE INTERIM DEAL TO END THE CONFLICT TAKES BOTH THE SIDES TO WHERE THEY WERE TOO CLOSE TO STRIKE A DEAL IN ISLAMABAD TALKS - PAKISTANI OFFI…
- Sat, 23 May 2026 17:08:29 GMTAN MOU IS BEING FINE TUNED TO END US-IRAN WAR - PAKISTANI SECURITY OFFICIAL
- Sat, 23 May 2026 16:29:27 GMTTRUMP TO HOLD A CALL ON SATURDAY WITH LEADERS FROM SAUDI ARABIA, QATAR, UAE, EGYPT, TURKEY AND PAKISTAN
- Sat, 23 May 2026 15:57:26 GMTRUSSIA IS PREPARING A STRIKE AGAINST UKRAINE USING "ORESHNIK" MISSILE, ZELENSKIY SAYS, CITING INTELLIGENCE FROM UKRAINE, U.S. AND EUROPE
- Sat, 23 May 2026 15:56:25 GMTTRUMP SAYS U.S., IRAN ARE "GETTING A LOT CLOSER" TO FINALIZING AGREEMENT, ACCORDING TO CBS INTERVIEW
- Sat, 23 May 2026 15:45:25 GMTTRUMP SAYS ODDS OF IRAN DEAL OR STRIKES ARE ‘50-50’: AXIOS TRUMP TO MEET ENVOYS, MAY DECIDE ON IRAN ACTION BY SUNDAY: AXIOS PROPOSED U.S.-I…