{"id":542616,"date":"2022-01-05T03:40:48","date_gmt":"2022-01-05T03:40:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/"},"modified":"2022-01-05T03:40:48","modified_gmt":"2022-01-05T03:40:48","slug":"erdogans-fx-troubles-get-worse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/","title":{"rendered":"Erdogan's FX troubles get worse"},"content":{"rendered":"

Erdogan can\u2019t pry Turkish investors from their greenbacks: <\/strong>Turkish government efforts to drive support for the TRY are doing little to persuade investors to part with foreign currency holdings, with total USD deposits rising to a record USD 239 bn in one week last month, Bloomberg<\/a>reports. Despite apparent massive interventions in December to try and bolster the sliding TRY, the currency slid back to 13.30 to the USD yesterday. And with inflation at over 36% and Turkey\u2019s official reserves dwindling, it\u2019s unclear how long policymakers can stand in the way of USD demand, Bloomberg says.<\/p>\n","protected":false},"excerpt":{"rendered":"

Erdogan can\u2019t pry Turkish investors from their greenbacks: Turkish government efforts to drive support for the TRY are doing little to persuade investors to part with foreign currency holdings, with total USD deposits rising to a record USD 239 bn in one week last month, Bloombergreports. Despite apparent massive interventions in December to try and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7328],"tags":[222,72,265,218,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542616","post","type-post","status-publish","format-standard","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseam","tag-money-laundering","tag-turkey","tag-uae","wpautop","entry"],"acf":{"mongo_id":"cba90c97-992a-4331-9a0a-ba153605c3f3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[542594],"teaser":"","voice_url":""},"yoast_head":"\nErdogan's FX troubles get worse - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Erdogan's FX troubles get worse\" \/>\n<meta property=\"og:description\" content=\"Erdogan can\u2019t pry Turkish investors from their greenbacks: Turkish government efforts to drive support for the TRY are doing little to persuade investors to part with foreign currency holdings, with total USD deposits rising to a record USD 239 bn in one week last month, Bloombergreports. Despite apparent massive interventions in December to try and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-05T03:40:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Erdogan's FX troubles get worse\",\"datePublished\":\"2022-01-05T03:40:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Around the World\",\"EnterpriseAM\",\"money laundering\",\"Turkey\",\"UAE\"],\"articleSection\":[\"AROUND THE WORLD\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\",\"name\":\"Erdogan's FX troubles get worse - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-01-05T03:40:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Erdogan’s FX troubles get worse\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Erdogan's FX troubles get worse - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/erdogans-fx-troubles-get-worse\/","og_locale":"en_US","og_type":"article","og_title":"Erdogan's FX troubles get worse","og_description":"Erdogan can\u2019t pry Turkish investors from their greenbacks: Turkish government efforts to drive support for the TRY are doing little to persuade investors to part with foreign currency holdings, with total USD deposits rising to a record USD 239 bn in one week last month, Bloombergreports. 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