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Turkish President Recep Tayyip Erdoğan called on the financial sector on Jan. 17 to open the taps of credit or face a reckoning.
Economist Tim Ash, who has followed Turkey closely for almost two decades, has said the losses in the Turkish Liras are of “great concern” amid broader uncertainty, but the issue can be addressed if the Central Bank moves rapidly

Turkey tightens lira liquidity in bid to boost struggling currency

The Turkish Central Bank skipped its one-week repo auction on Jan. 16, aiming to boost the Turkish Lira by reducing the amount of local currency circulating in markets
Turkey’s government ran a 29.3 billion-Turkish Lira ($7.81 billion) budget deficit last year, the country’s finance minister said Jan. 16

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