Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

The Turkish Lira continued its gradual slide to record low level

Global IndexesOct 29, 2020
The Turkish Lira continued its gradual slide to record low level
Turkish lira drops to record low as the central bank defends approach. Concerns over Turkey’s depleted foreign exchange reserves and sharply negative real interest rates drove the lira down by 22%, making it among the world’s worst performers this year. The drop in the lira is the latest blow for a currency that used to trade almost at par with the U.S. currency less than two decades ago. It has posted losses every year since 2012, pressured by the credit-driven economy’s dependence on imports and dollar funding. Here are some similarities between Turkey's economic indicators and Sri Lanka indicators.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.