Türkiye is back to buy US Treasury effects for the first time in about a decade

Türkiye started buying for the first time in almost a decade for the first time in the US Treasury effects, according to a person who is familiar with the case, which is the end of the decline that started in 2016, amid increasing tension with the United States. The person, who asked not to be mentioned because he was not authorized to comment on the matter in public, said that “the Central Bank Treasury bonds buy as part of its efforts to normalize the reserve policy, as foreign exchange reserves are now at a healthy level.” 10 billion dollars, US Treasury bonds in Turkish reserves rose $ 10 billion over the past year to $ 12 billion, according to the US Treasury data collected by Bloomberg. Ankara abandoned most of the prejudices, which reached its peak at nearly $ 80 billion a decade ago, after the relationship with Washington began to deteriorate due to a set of political and geopolitical differences during the first period of Donald Trump. Also read: Türkiye places its first dollar bonds in 2025 amid momentum in emerging markets. The total largest purchases were about $ 6 billion in October, a month before the return of the US election to the White House. The central bank was not immediately possible for suspension. Türkiye’s relations with the NATO Naved, the United States have been turbulent over the past year. Under the new state of Trump, President Recep Tayyip Erdogan wants to improve it. The differences are still in the future of Gaza, as well as the presence of Kurdish fighters supported by the United States in northern Syria, which Türkiye considers an expansion of the prohibited armed group known as the Kurdistan Workers’ party. In the wake of his re -election in May 2023, Erdogan was eager to reform the Turkish economic policy by setting the names of investors to restore confidence in the markets and taming inflation, which rose to more than 80%. Over the past year and a half, policy makers have worked in the Ministry of Finance and the Central Bank to return to traditional policies, which includes raising interest rates of unilateral numbers up to 50%, and rebuild the depleted reserves with better confidence in saving the lira.