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Terrible data for Turkish producer prices. Rose 6.6% m/m to an annual 32.1%. CPI also worse than expected at 17.9%. Lira slump taking its toll Producer prices accelerated 3X faster in a month than they did in a year in developed markets. http://www.turkstat.gov.tr/PreHaberBultenleri.do?id=27715 …
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Turkey sees its future in the EU, foreign minister says I guess that’s why they closed down the Ministry for EU Affairs in July thenhttps://www.cnnturk.com/video/dunya/cavusoglu-gelecegimizi-abde-goruyoruz …
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Mark Bentley Retweeted
Hatalı girilmiş değil......yanlış giriş varmış. Ben ikna oldumhttps://twitter.com/sputnik_TR/status/1036327900985868288 …
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Mark Bentley Retweeted
Turkey's imbalances in 2001 stemmed from large fiscal deficits; the private sector was a net saver. This time around the private sector is the driver of external imbalances (with government incentives in the form of credit guarantees).pic.twitter.com/T8UY0jiH2t
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More bad news for Turkish inflation. Electricity prices hiked 15%, natural gas 9%https://twitter.com/bbcturkce/status/1036208543479812097 …
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Mark Bentley Retweeted
Halkbank Genel Müdürü'nden ucuz dolar açıklaması: 38 dakikada 1763 müşteri 4,3 milyon dolarlık işlem gerçekleştirdi! http://t24.com.tr/haber/halkbank-genel-mudurunden-ucuz-dolar-aciklamasi-musterilerinin-hesaplarina-bloke-konuldu,691093 …pic.twitter.com/XP0lxGdfHe
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The lira is now worth 10.3 rubles compared with 16.9 rubles on Sept. 1 , 2017. Both currencies are volatile. The idea of trading in dollars is to have a relatively stable/predictable pricing mechanism for buying and selling goods. Choose the euro instead maybe?
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Erdogan urges partners to trade in local currencies instead of the dollar. But the lira has dropped massively against other currencies too e.g. 40% against the ruble in a year https://m.investing.com/currencies/try-rub-chart …https://www.dailysabah.com/economy/2018/09/02/erdogan-calls-for-end-to-us-dollars-trade-reign-urges-trade-in-local-currency …
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Mark Bentley Retweeted
This photo says it all. Police block entire area to stop peaceful vigil of Saturday Mothers demanding accountability for their disappeared relatives. This is
#Turkey one month after the lifting of the State of Emergency in the week of the International day of the Disappeared!pic.twitter.com/NmDZZFGn8uThanks. Twitter will use this to make your timeline better. UndoUndo -
Mark Bentley Retweeted
This, incidentally, is part of what still interests me in the Zarrab case, and why it’s still relevant. There, Giuliani tried to kill a case involving a Turkish corrupt shadow economy. The same cast of characters pop up where vast, secret flows of money undermine democracy.https://twitter.com/AaronBlake/status/1035105997227012097 …
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Hallkbank sells dollars on the cheap in an apparent technical failure Not great PR for a company already mired in controversyhttps://ahvalnews.com/turkey-banking/halkbank-sells-dollars-cheap-prompting-public-outcry …
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Mark Bentley Retweeted
President Erdoğan is in Istanbul launching the beginning of the fishing season (?!). Live broadcast on all channels.https://twitter.com/miralincess/status/1035618758583353344 …
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Mark Bentley Retweeted
No more weapons sales to
#Saudi Arabia! Scathing@NYTimes editorial: "Again and again, Saudi-led airstrikes have struck civilian targets, slaughtering innumerable innocents." https://www.nytimes.com/2018/08/28/opinion/us-yemen-saudi-arabia-trump-civilian-casualties.html …pic.twitter.com/dxysx8VuM3Thanks. Twitter will use this to make your timeline better. UndoUndo -
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So Turkey has only just listed HTS, led by Al Nusra/Al Qaeda in Syria, as terrorist UN says about 10,000 Hay’at Tahrir al-Sham (HTS) are in Idlib, which Turkey occupies. US labels them terrorists and UN says any group merged with Al Qaeda is considered sohttps://twitter.com/ragipsoylu/status/1035524033389969409 …
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Mark Bentley Retweeted
A very old Turkish joke that still holds power decades on...https://twitter.com/GeorgiGotev/status/1035104175120678914 …
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Mark Bentley Retweeted
White House staffer: “Moral in the White House has never been lower. It’s like a revolving door here, except most aides who leave aren’t being replaced. I’m sick of all the chaos & really concerned about how this will affect my career & my family. I didn’t sign on for this shit.”
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"Fire in the kitchen!" as Turkish food prices explode It seems a very bad print for inflation is looming next week. Signs of panic Price rises will exceed 20% in August and keep on accelerating, according to ex-head of Treasury
@faikoztrak .https://ahvalnews.com/turkey-inflation/fire-kitchen-turkish-food-prices-explode …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Link to HSBC consumer loan rates in Turkey here:https://www.hsbc.com.tr/kartlar-ve-krediler/krediler/ihtiyac-kredisi/ihtiyac-kredisi-kampanyasi …
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