2022 and 2023 USD/TL Estimate from Standard Chartered Bank

Based in the United Kingdom, which is in the biggest banks league with its service in more than 70 countries Standard Chartered Bankmade remarkable statements about Turkey. Sharing its estimates on the USD/TL parity, the bank announced that the exchange-protected TL deposit account application, which has been on our agenda for a while, would put public finances at risk. stated.

According to the estimates of Standard Chartered Bank, the dollar/TL parity would be 12 TL at the end of 2022. The latest report, however, changed that. According to the statement, 1 dollar will be paid at the end of 2022. it will be exactly 20 TL. In 2023, the situation will get even worse. Standard Chartered Bank analysts’ 2023 dollar/TL parity, will have reached 28.

“The volatility in the Turkish lira surpassed Bitcoin”

The UK-based bank pointed to the developments in December 2021, indicating that the volatility of the Turkish lira Even surpassing bitcoin underlined. Expressing that it is believed that the currency-protected TL deposit account movements, which have been implemented recently, will reduce the dollarization in Turkey, but this has not happened, Standard Chartered Bank says that Turkey is waiting for the tourism season. According to analysts, Turkey will not be able to breathe a sigh of relief during the tourism season. For negative net reserve levelwill hinder recovery.

Standard Chartered Bank, Turkey with current monetary policies. He thinks he will continue. According to the bank, which pointed out the early elections to change these policies, this will not be good for Turkey. Because the Turkish lira due to election uncertainty. will become even more fragile. We will see together whether these predictions will come true.