SITUATION REPORT

Turkey: Erdogan Refutes Claims of Misusing Foreign Exchange Reserves

Apr 21, 2021 | 21:24 GMT

In a speech to lawmakers, Turkish Recep Tayyip Erdogan refuted claims made by the opposition that his government illegally traded central bank reserves to protect the value of the country’s embattled currency, noting that international economic developments in 2019 and 2020 forced the bank to make large foreign exchange transactions, Bloomberg reported April 21. ...

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