Turkish central bank announces $10 billion one-day profit
Move follows president’s pledge on dollar deposits amid evidence of worsening economic crisis
Turkey’s central bank balance sheet deficit suddenly became a multi-billion dollar profit on the last day of 2021, as the country’s economic crisis worsened.
The Central Bank of the Republic of Turkey’s balance sheet on December 31 showed that it had made a single day’s profit of around $10 billion. The previous day, its online figures had shown provisional net losses for 2021 of around 70 billion lira, or $5.2 billion at that day’s foreign exchange values.
But the surprise announcement means
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