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Turkey Markets Crash After Court Unseats Opposition Head In Latest Erdogan Power Grab

Shortly after we learned that Turkey had sold virtually all of its Treasuries in March to defend the lira after the Iran war broke out, the country was thrown into fresh political turmoil on Thursday when a Turkish court removed the leader of the country’s main opposition party in a landmark ruling that triggered a …

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Will Trump strike Iran or choose diplomacy at the last minute? - opinion

Will US President Donald Trump give the green light for an attack on Iran? As of Wednesday afternoon, no one truly knows. It is possible that he will and it is equally possible that he will not. That is the prevailing assessment today in virtually every capital across the Middle East. As one regional official told m…

Original report

Turkey Liquidated Almost All Of Its US Treasuries In March To Defend Crashing Lira

Two months ago, at the end of March, we reported that Turkey was aggressively dumping its gold reserves in a panic scramble to obtain dollar funding, which Erdogan's regime was using to keep the Turkish lira from crashing, and to also pay for energy imports which had suddenly soared in price as a result of the Iran …

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