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Turkey Depleted Reserves at Record Pace in March Over Iran War

Geopolitics & WarCurrency & FXEmerging MarketsMarket Technicals & Flows

Turkey’s foreign reserves suffered their biggest monthly decline on record in March as the Iran war sparked global selling in emerging-market assets and pressured the lira. The article points to a sharp risk-off move in FX and capital flows, with Turkey’s reserve position weakening materially amid geopolitical stress.

Analysis

Turkey’s foreign reserves suffered their biggest monthly decline on record in March as the Iran war sparked global selling in emerging-market assets and pressured the lira. The article points to a sharp risk-off move in FX and capital flows, with Turkey’s reserve position weakening materially amid geopolitical stress.

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