It is customary at weddings… Dollars scatter into the air… At a wedding, “Why? dollar are you throwing?” I asked. Honestly, I wasn’t expecting a logical answer.
The man said, “Atatürk and the crescent and star are on our money. We don’t let it creep on the ground.” ‘ he replied. I sat down completely.
The country is about to be smashed like me… Let’s ask now your dollar what’s the value? According to the Central Bank? According to the Grand Bazaar?
The meaning of the change is that the Turkish economy has entered dangerous waters. He is in serious trouble… One of the very risky developments is taking place in the markets…
The difference exceeded one lira at one time. What does it do? One hundred thousand dollar When you want to exchange it, one hundred thousand liras…
Fortunately, they woke up, they have been trying to intervene for the last week. How? The Grand Bazaar is also the center of gold… The Central Bank loaded the gold in the reserves and started selling gold through an intermediary institution in exchange for Turkish Lira…
Not a little ice, but tons of… Naturally, when the Turkish Lira is absorbed, the Bazaar dollar began to sell and buy gold. Currencies declined. The difference between the bank and the bazaar has decreased.
According to the latest data announced, the amount of gold sold as of March 3 is 72 tons. But how far? From where dollar They quit and started selling gold?
How is the country doing in dollars?
Let me give you a summary, pray that they don’t sell the tea sets in the Central Bank…
How much is Turkey’s foreign debt? According to the data announced on March 31, 459 billion US dollars in 2022 dollar ended with debt. He broke the all-time record.
What is the situation of the debt that must be paid or returned within a year, which we call short-term? about 195 billion dollar counting the days to be paid…
Capital controls, foreign exchange restrictions and transfer bans were not enough. Currencies ram released in December 2021 because it exploded dollar deposit In Currency Protected More than $102 billion has been parked. even half dollars Can he pay the deposit?
If only it were limited to this… Foreign exchange was sold through public banks for the purpose of intervention without any interruption…
Reserve minus $68 billion has a long way to go
It’s good so far, but things get messy when you change your point of view…
Gross reserves that the Central Bank uses like his father’s money… So how much is the sum of gold, foreign currency and whatever is in the safe? That’s about 116 billion dollar… Wow friend, good money in this poverty… Because I wish they were all ours… Where is that abundance?
The asset looks good, but when the liabilities are gone, what do we have? When we peel the onion, we have the remaining 7.5 billion dollar…
There are swaps with Arabs, China, Azerbaijan, South Korea, especially Qatar, which do not belong to us. In other words, money exchange… They do not work for us, but we have to give credit, they decorate the balance sheet beautifully.
At the same time, there are swaps between the resident banks in Turkey and the Central Bank… Look, they work. They spin it and sell it back to us. You deposit it in the bank, the bank goes to the Central Bank, the Central Bank is back to you…
Put them all under one another, collect them, deduct from the gross, calculate… Hah, the bill that comes to us when we ask for the account and try to get up from the table is minus 68 billion. dollarin…
Why are they going to the Grand Bazaar?
The Central Bank will regulate and balance supply and demand in the market. dollar neither.
Indeed, those who read foreign reports are running dollars… According to what is written and drawn, the target is usually 25 liras… They call it fair value…
I wish the demand was only from the citizens… The trade deficit in the last 12 months was 117 billion dollar… If it doesn’t have to be closed in a way, the production in the country is here… Life stops.
In line with the current situation, people do somersaults in order not to sell foreign currency in banks or even to pay for what they sell.
Don’t you believe? Let’s go to the branch and own 110 thousand in your account. dollarMaybe you are too much for me, but what will companies do about it?
Since the amount of transactions is restricted in banks… The receiving companies are stamped… Where is the address? Tahtakale, Grand Bazaar… Indeed your dollar Those who want to sell find better prices there. As a matter of fact, the market, supply and demand shifts there and Turkey’s real dry determined there.
So what are the disadvantages of this? There is an example of Argentina and Lebanon, but what does it do to us? That’s next week… My heart is with you and the strength is with us….
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