Sunday , April 18 2021

Everything works against the TL, but it still opposes it

The biggest blow for THB comes from rising inflation. While the price of all goods and services increases, the price of the currency moves in parallel. Domestic residents buy foreign currency deposits and buy foreign currency deposits. Both companies and individuals retain about half of their savings in foreign currency, while protecting domestic inflation.

The savers do not have a problem saving the TL, but the real return is low or negative. They will require higher interest, but there is no publisher. The real return on deposit rates remains below current inflation. The CBRT policy rate is 24%, but no bank in deposits can access this rate in any term. The low-interest financial system also reduced the second major impact on the TL.


-Turkish Liarasina comes from a coup. Some service costs, such as tenders and bridge crossings, are indexed in foreign currency or in foreign currency. The party that should be an incentive for the use of THA acts in the opposite direction.

– The success of THB is also the Ministry of Finance. Because domestic borrowing, even in TL bonds began to be made with foreign currency. We do not know what the goal is, whether it is a borrowing at a lower price or attracting investments in foreign currency and leading to saturation and locking for some time on government securities. However, the final result is that even the Treasury has once again encouraged domestic residents to raise dollar money and move toward dollarization.

Last effect with change of expression

-TL ?, the last blow to the owner of the TU came yesterday's decision by the Central Bank. Do not store the pulse on the market or the pulse of its employees who do not even listen, sign text to reduce dryness. It's a real miracle.

-TTMB did not change the interest yesterday, but Additional tightening if necessary " come out. Of course, this situation In June, the meeting was interpreted as a sign of falling interest rates.

Perhaps on June 7, when the conditions will become favorable and interest rates will be reduced. but today, he turned his back to the counter he wore a bee hive effect.


– Because the foreign exchange market already has high blood pressure. The dollar ended the day before 5.87. The dollar is already valued in the world. The dollar index rose to 98,173 after January 2017. We had to take measures to put out the fire against this increase, we went to the fire. The dollar also jumped 10 cents yesterday, climbed to 5.97 and peaked this year.

– Our foreign exchange market has more than one reason why it is called a basket.


Local elections could not be finalized. It is unclear whether the ISK will register or cancel the elections in Istanbul. The leader of the opposition party was subjected to violence. Political tension is very high. The heavy atmosphere is a precursor to a political storm.

– The execution period has not started yet in Ankara due to the lack of choice or shock from the ballot box. What to do, where to start is uncertain. New political alliances may also be established.

-Turkey relations with the United States in particular due to the purchase of the S-400, is still very tense.


London's central bank opened its foreign exchange reserves. It started from the wrong side, but it does not matter, it is enough to impress foreign investors. Without clarifying this situation, without a written or oral explanation, the rate of interest rate cuts has a drying effect.

DOLLARS increased by 5.9% in 25 days

– As a result of each front part of the TL to work on the weakening of the table appears. No TL. Before the election "The dollar will rise after the real elections" those who justify the work work together. Yesterday's exchange rate rose to 5.97 with an increase of 10 percent or 1.7 percent increase.

– It was at the level of 5.6386. A 25-day increase of 5.9 percent. The TL depreciation was also 5.1%. In contrast, lack of ownership and shock, TL can still be said to be durable.

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