Beril Akman

Turkey offloaded almost all of its US Treasuries in March as it stepped up efforts to support its currency during the first month of the Iran war, according to Bloomberg calculations based on US Treasury data.

Turkish state lenders sold about $6 billion to defend the lira on Thursday, about half shortly after a court decision that removed the main opposition party’s leadership, according to traders familiar with the transactions.

Die Türkei hat im März nahezu ihren gesamten Bestand an US-Staatsanleihen verkauft und damit ihre Bemühungen verstärkt, die Lira angesichts des starken wirtschaftlichen Drucks durch steigende Energiekosten zu stützen.

Turkey’s top economic policymakers will meet on Friday morning to discuss measures to stem market turbulence after a court ordered the removal of the main opposition party’s leadership.

With a packed schedule of meetings and speeches in front of London investors, Turkey’s top economic officials set out on Thursday to ease concerns about the country’s accelerating pace of inflation.

Turkey’s economy grew slower than expected in the first quarter, signaling that the the fallout from the Iran war is weighing on activity.

Football manager Jose Mourinho has filed a complaint at the European Court of Human Rights over disciplinary sanctions he received while coaching Istanbul-based Fenerbahce.

Turkish inflation accelerated for a second consecutive month as a global energy shock triggered by the US-Israeli war on Iran continued to impact domestic prices.

Turkey’s central bank is poised to leave its benchmark interest rate unchanged in the face of a cooling economy and subdued foreign currency demand despite rising prices driven by the Iran war.

Turkey’s central bank kept its main interest rate unchanged for a third consecutive time since the outbreak of the Iran war on the back of a cooling economy and subdued demand for hard currency.