https://twitter.com/Schuldensuehner/status/1509785090510966804 FX markets once again reflect the rise and fall of nations. Ruble not weakest currency ytd, but once again #Turkey Lira. Appreciation of Brazil Real and SA Rand remarkable in the year of the start of Fed-rate-hike cycle. Europe's decline is reflected in Euro's loss vs the Dollar. https://t.co/LTb3JLaNPx via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1516902657729957888 A perfect storm of surging fuel and food prices, #Fed rate hikes and mounting debt is pushing emerging markets to the brink. #Turkey, #Egypt & Vietnam head the Bloomberg list of major emerging markets vulnerable to fallout from the war in #Ukraine. https://t.co/FQZkUNwNeP https://t.co/zMoNBGQeUM via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1526170540788031489 #Turkey Lira seems to be back in the firing line after half a year of relative stability - helped by that FX protected deposit scheme which seemed to change the narrative a bit, albeit raising longer-term concerns about who is going to pay for it. Drops >1% to 15.7 per Dollar. https://t.co/4ZxbaPEDlL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1532628656761233410 OOPS! #Turkey’s official inflation rate hit a 23y high as President Recep Tayyip Erdoğan’s unorthodox strategy for managing the country’s $790bn econ continued to backfire. https://t.co/fnGX700XGj via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1532635583406800897 #Turkey back in the #inflation age of the 1990s. Looks as if Erdogan has lost his last econ credibility. CPI has jumped to 73.5%, Core CPI jumped to 56%, and PPI to 132.2%. https://t.co/Ilz3uuGYBa via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1556420216262885386 Alarm mounts in western capitals over #Turkey’s deepening ties with #Russia. Officials warn of retaliation if Ankara helps Moscow evade sanctions after Erdoğan and Putin agree to increase co-operation. https://t.co/TxoUpqOhez https://t.co/f76In2mtnQ via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1558207665981067269 #Turkey rating was cut deeper into junk by Moody’s as balance-of-payments risks mount & authorities struggle to stabilize the Lira & restore FX buffers. Turkey was downgraded to B3 from B2, outlk raised to stable from neg. Moody's also cited inflation, which rose to 79.6% in Jul. https://t.co/8PVxFuJX4U via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1575945507218001920 S&P cuts #Turkey’s debt rating further into junk on loose policy ahead of 2023 parliamentary & presidential elections. The rating company lowered Turkey to B from B+, leaving it on par w/Mongolia & Egypt. The outlook on the rating is stable. Mkts price in 42% default probability. https://t.co/k6MKPHCN0C via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1627759088963657728 #Russia's exposure of #Turkey's banks more than doubled to $442mln in Q3 2022 alone. In absolute terms, it is, however, still low compared to for example German Banks w/a total exposure of $3.7bn. https://t.co/Gb6tnZ5CUd https://t.co/WdhehHwS9U via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656561734092554241 #Germany has fallen further behind #France as an investment location or as investment platform. It is of little comfort that the decline in the UK and Spain has been even greater. #Turkey, #Portugal, #Poland & #Ireland were the big winners for foreign direct investments (FDIs). https://t.co/coMzPD9OPS via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657905917201973250 Erdoğan and Kılıçdaroğlu locked in tight race for Turkish presidency. #Turkey’s presidential election has turned into one of the world’s most important pol contests this year b/c of massive implications for future of democracy in NATO member of 85mln people.… https://t.co/eiA1Xyv4Lk https://t.co/dSlBgGN6Ag via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658037564639420418 #Turkey Lira on the way to 20 per Dollar following the presidential election as investors see an 80% chance that Erdogan will win the runoff, sending the country into a Balance of Payment crisis. https://t.co/rezhkF8CHz via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658081564285124620 Markets are not always right, as can be seen from the election results in #Turkey. Interest rate markets had put a relatively higher probability on an opposition win in the presidential election, pricing in an expected policy interest rate of close to 40% in one month’s time,… https://t.co/Jsg3A0KGze https://t.co/ndJ4r3CWHg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658145118610763778 Mind the gap! The gap between #inflation and the key interest rate in #Turkey is unlikely to be closed anytime soon, w/current president Erdogan in pole position for the runoff election in two weeks. https://t.co/VXFgoPFkmL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658385982729617408 #Turkey post-vote selloff continues. Bank Stocks dropped >8%, most in 9 months, while Turkey Lira on course to fresh All-Time low. https://t.co/qycU0QF0eX via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1660654399302115333 #Turkey's Far-right 3rd-placed candidate Sinan Ogan throws support behind Erdogan for president in 2nd round. https://t.co/zuhEZahtH9 via @Schuldensuehner

OUCH! #Turkey Lira in free fall as the arrest of Erdogan rival ups the political risk. https://t.co/yg5C8TFESr
— Holger Zschaepitz (@Schuldensuehner)
Mar 19, 2025

#Turkey raises the lending rate to 46% at an interim meeting to soothe Lira rout. https://t.co/12bPruIIfY
— Holger Zschaepitz (@Schuldensuehner)
Mar 20, 2025

#Turkey has raised its lending rate to 46% in an emergency meeting to stop the Lira from falling further. https://t.co/L9adqB6VQK
— Holger Zschaepitz (@Schuldensuehner)
Mar 20, 2025

Musk’s X suspends opposition accounts in #Turkey amid civil unrest. https://t.co/RKCyqhARzs https://t.co/rpJRVDTwHj
— Holger Zschaepitz (@Schuldensuehner)
Mar 22, 2025