Turkish Lira (TRY)

Discussion in 'Forex' started by m22au, Apr 11, 2018.

  1. m22au

    m22au

    #81     Sep 3, 2018
  2. dealmaker

    dealmaker

    #82     Sep 4, 2018
  3. m22au

    m22au

    #83     Sep 13, 2018
  4. m22au

    m22au

    Last edited: Sep 13, 2018
    #84     Sep 13, 2018
  5. m22au

    m22au

    The articles below contains some good information (albeit a bit stale now) about the bond prices of Turkish banks, and the dollar denominated debt due in the next 18 months.

    15 August 2018
    "16 Billion Reasons Why Turkey's Currency Crisis Will Become A Debt Crisis"
    https://www.zerohedge.com/news/2018...rkeys-currency-crisis-will-become-debt-crisis

    which was probably prompted by this Bloomberg article:
    14 August 2018
    "This $16 Billion Turkish Wall of Debt Is at Risk From Lira Crash"
    https://www.bloomberg.com/news/arti...rkish-wall-of-debt-is-at-risk-from-lira-crash

    "Turkish Banks' Ability to Extend Debt Is Key in Crisis"
    https://www.bloomberg.com/news/arti...rs-ability-to-roll-over-debt-is-key-in-crisis

    ****

    15 September 2018
    "Turkish Banks Liquidate Gold In Currency Crisis Panic"
    https://www.zerohedge.com/news/2018...-crisis-turkish-banks-liquidate-20-their-gold

    likely prompted by this Bloomberg article:

    14 September 2018
    "As Lira Crisis Raged, Turkish Banks Were Cashing In Their Gold"
    https://www.bloomberg.com/news/arti...-5-billion-gold-reserves-to-shore-up-finances

    .
     
    #85     Sep 16, 2018
  6. m22au

    m22au

    Announcement expected on Thursday about possible bailout for Turkish banks.
    I guess this shouldn't come as a big surprise.

    "Turkish Lira Plunges As Ankara Prepares Non-Performing Loan Bailout For Local Banks"
    https://www.zerohedge.com/news/2018...pares-non-performing-loan-bailout-local-banks

    "Turkey Planning Help for Banks on Anticipation of Bad Loans"
    https://www.bloomberg.com/news/arti...n-help-for-banks-on-anticipation-of-bad-loans

    Quote list
    https://finance.yahoo.com/quotes/us...s,akbty,tkgby,thbiy/view/v1?ltr=1&bypass=true

    .
     
    #86     Sep 17, 2018
  7. dealmaker

    dealmaker

    Turkish Recession

    Turkey slipped into recession in the last quarter, with a Q4 contraction of 2.4% (the previous quarter's was 1.6%, so the shrinkage is getting worse.) The reason? The trade war with the U.S. that hit the Turkish lira, which made imports more expensive. BBC
     
    #87     Mar 11, 2019
  8. pipeguy

    pipeguy

    With rising popularity of carry trade in the 1Q of 2019, Lira looks still undervalued. Anybody knows where we can trade lira safely to earn swaps?
     
    #88     Mar 18, 2019
  9. dealmaker

    dealmaker

    ""
     
    #89     Mar 27, 2019
  10. Interesting development happening in Turkey... There Central Bank is battling shorter's in there currency it seems, spilling into equities. Short squeeze for the books, interesting remaining of week
     
    #90     Mar 27, 2019