5 thoughts on “What is the reason for this phenomenon to suspend transactions against the stock market of the US dollar exchange rate in the US dollar. What is this phenomenon?”
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Recently, the Turkish financial market has ushered in a huge shock. The stock market has plummeted and triggered the fuse many times. The exchange rate of the Turkish lira to the US dollar has also fallen from 7.2: 1 to 8.4: 1. The a record of the domestic bond yield rose by more than 400 base points, soaring to 18%, and the trading volume of Treasury bonds doubled on the same day. Agbar was dismissed suddenly, and the main reason for his dismissal was caused by obvious differences in the interest rate hike policy he implemented with President Erdogan.
since Agbal was appointed as the President of the Turkish Central Bank last November, the Turkish central bank has taken multiple rounds of interest rate hike measures to curb domestic price level, while President Erdo Annan believes that it is precisely because of many interest rate hikes that the domestic inflation level has been greatly different from the implementation of the policy before. Reasons for dismiss.
and outside analysts said that Agbar's sudden resignation will lead to insufficient information about the Turkish monetary policy, and there will be a lot of foreign capital evacuated from Turkey. Therefore, the Turkish stock market and Turkish currency have depreciated. This is also a response to the Turkish financial policy.
and outside analysts stated that with the crisis of the stock market and the rapid depreciation of the Turkish lira, President Erdogan may continue to implement the interest rate hike policy without being able to do it, and the incident of Agbal's suddenly dismissal also was also dismissed. It may cause the outside world to question the credibility and independence of the Turkish central bank, which will also increase the concerns of investors. Therefore, the crisis of Turkey may have just begun because the market that has lost the confidence of investors is difficult to re -establish in a short time in a short time. Believing, so whether it is the Turkish stock market or the Turkey's lira, it will continue to plummet.
It was triggered by the president of the Turkish central bank. The reason for his dismissal was to raise interest rates without authorization, causing the dissatisfaction of the president, but the consequences caused by the dismissal were not predicted by the president.
This is because the stock market fluctuations are very large, and the United States is also affected by the epidemic, so this harsh phenomenon has occurred.
It is because the stock market is particularly large and the bubbles are very large, so such things will happen.
Recently, the Turkish financial market has ushered in a huge shock. The stock market has plummeted and triggered the fuse many times. The exchange rate of the Turkish lira to the US dollar has also fallen from 7.2: 1 to 8.4: 1. The a record of the domestic bond yield rose by more than 400 base points, soaring to 18%, and the trading volume of Treasury bonds doubled on the same day. Agbar was dismissed suddenly, and the main reason for his dismissal was caused by obvious differences in the interest rate hike policy he implemented with President Erdogan.