Turkey: External and domestic turbulences have sent TRY in free fall

Free fall of TRY weighs down on growth and challenges monetary policy. Public finances remain adequate and current account deficit has narrowed somewhat but remains worrisome and the financing of the deficit remains a particular cause of concern.

Large short-term external debt poses risks and requires close monitoring. Foreign exchange reserves still adequate?

Turkey: External and domestic turbulences have sent TRY in free fall - Report

Turkey-country-report-Sep15.pdf

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