Turkey’s official reserves has failed by $15 billion in the month of March, the steepest decline since the 2023 presidential elections, reflecting the extent of concern that’s gripped investors after the jailing of a prominent opposition politician.
According to the Turkish Central bank, the Balance of payments data, which is the broadest measure of trade in goods and services, experienced a $4.1 billion deficit in March, compared with a revised shortfall of $4.3 billion the previous month.
Source : the Bloomberg news