The total reserves of the Central Bank decreased by $7.968 billion to $163.114 billion. In the same week, net foreign exchange reserves dropped by $11.8 billion. The Central Bank of the Republic of Turkey (CBRT) released its weekly monetary and banking statistics. As of March 21, the Central Bank’s gross foreign reserves decreased by $9.741 […]
In the first half of the day, the BIST 100 index in Borsa Istanbul gained 0.5 percent, reaching 9,698 points. Moving in an upward trend in the first half of the day, the BIST 100 index rose to 9,697.92 points with an increase of 48.38 points and 0.5 percent as of 13:00 compared to the […]
The retail sector is expecting card payments of 130 billion lira during the Ramadan Bayram. The President of the United Brands Association (BMD), Sinan Öncel, stated that they anticipate card payments of 130 billion lira to be made during the Ramadan Bayram, along with the eve of the holiday. In a written statement, Öncel noted […]
There is an ongoing decrease in foreign currency protected deposit accounts, which dropped from 798.8 billion Turkish liras to 779 billion liras last week. The decline in foreign currency protected TL deposits and participation accounts continues. In the week ending March 21, foreign currency protected TL deposits and participation accounts decreased from 798.8 billion liras […]
The Central Bank has released a summary of the interim meeting, emphasizing the importance of tight monetary policy and indicating that additional measures will be taken if necessary. The Central Bank of the Republic of Turkey (CBRT) published summaries of the interim meeting where the overnight lending rate was raised. The statement from the Central […]
Bitcoin (BTC) is approaching the $90,000 level as it continues its upward trend, with developments in the options market increasing price volatility. The upcoming three-month options expiration on Friday could trigger volatility, particularly due to market makers’ positions. Bitcoin’s rise towards $90,000 could escalate price volatility in the options market. The three-month options expiration on […]
Bitcoin’s supply on exchanges has dropped to the lowest level since 2018. On-chain data shows that investors are withdrawing their assets from exchanges, decreasing selling pressure. With the strengthening of institutional demand, this development could herald a new wave of price increases in Bitcoin. The decrease in Bitcoin’s supply on exchanges has fallen to the […]
Chris Solarz, the head of digital assets at Amitis Capital, stated that investment strategies in the cryptocurrency markets are still immature. He mentioned how hedge fund managers can still apply outdated strategies that were abandoned in traditional markets years ago. Solarz emphasized that the current market conditions present significant opportunities for cryptocurrency hedge funds, while […]
Birol Küle, the President of the Competition Authority, has revealed that they have conducted numerous investigations into the red meat sector. Küle stated, “We will impose administrative fines amounting to 10% of the turnover on businesses violating competition rules.” Addressing the evaluations of the Competition Authority’s efforts in the red meat sector, Küle highlighted receiving […]
The luxury vehicles owned by Dilan Polat and Engin Polat are being put up for sale. The total value of the Ferrari, Porsche, Mercedes, and BMW vehicles in the auction has been set at 77 million Turkish lira. The Savings Deposit Insurance Fund (SDIF) is selling the luxury vehicles belonging to Dilan Polat and Engin […]
