Turkey Liquidates Nearly All U.S. Treasury Holdings in March, Reducing Holdings from $16B to $1.8B

GateNews
According to Jin10 data citing U.S. Treasury figures, Turkey liquidated nearly all of its U.S. Treasury holdings in March, with its Treasury position plummeting from $16 billion in February to $1.8 billion by end of March. The holdings include securities owned by Turkey's central bank and other entities including corporations. The sharp reduction follows a broader selloff in Turkish markets after Middle East tensions escalated and oil prices surged, prompting Turkey's central bank to tighten financial conditions and divest foreign exchange and gold reserves to stabilize the lira.
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