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The Turkish monetary deficit in May is approaching 1.4 billion dollars

2020-06-06T04:58:54.819Z


Istanbul-SANA, Turkey's cash deficit approached 1.4 billion dollars last May. Reuters reported that the


Istanbul-Sana

Turkey's monetary deficit approached 1.4 billion dollars last May.

Reuters reported that the cash balance of the Turkish government recorded a deficit of 9.73 billion pounds, equivalent to 1.4 billion dollars in May, and that the basic balance excluding interest payments recorded a deficit of 1.22 billion pounds.

This deficit comes at a time when the Turkish currency is deteriorating due to the deteriorating political and security conditions in the country due to the repressive measures practiced by Recep Tayyip Erdogan's regime under the pretext of the coup attempt in mid-July 2016 as well as the mismanagement of the crisis due to the Coruna epidemic.

Source: sena

All business articles on 2020-06-06

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