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Turkish treasury sees March domestic borrowing 4.5bn lira ISTANBUL: The Turkish Treasury said on Friday it planned to borrow 4.5 billion lira ($1.79 billion) from domestic markets in March against domestic redemptions of 5.4 billion lira. Borrowing in April is seen at 11.5 billion lira against redemptions of 13.3 billion. In May, the treasury plans to borrow 9.5 billion lira on redemptions of 11.9 billion. Copyright Reuters, 2015 ...

Norway to sell NOK 700mn of FX per day in March OSLO: Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns ($91.60 million) per day in March after selling the same amount of currency per day in February, it said in a statement on Friday.The bank is selling the currency because the government's transfers to its $880 billion sovereign wealth fund have been smaller than earlier expected and the budget is spending more of its oil related income.The bank usually puts foreign ...
Turkish lira hovers near record lows on central bank concerns ISTANBUL: The Turkish lira hovered near record lows on Friday as investors worried whether Central Bank Governor Erdem Basci would continue in his post after President Tayyip Erdogan's blistering criticism of the bank.Erdogan said on Wednesday that the bank's monetary policy was "unsuited to the realities of the Turkish economy" after it failed to meet his demands for rate cuts larger than those it made on Tuesday. He questioned whether the bank was under external ...
Sterling pulls back after jump vs. euro, election starts to weigh LONDON: Sterling dipped back below $1.54 on Friday, more than a cent below 8-week highs hit a day earlier, with a growing focus on political risks ahead of May elections helping cool the past month's stronger mood towards Britain.The pound was also 0.3 percent weaker against the euro after breaking below 73 pence per euro to a more than seven-year high on Thursday, as interest rate expectations moved further in favour of British assets just ...
Sterling scales 7-year high against struggling euro LONDON: Sterling rose to a seven-year high against the euro on Thursday, as interest rate expectations moved further in favour of British assets just days before the European Central Bank embarks on a huge asset-buying spree.British government bond prices sharply underperformed German Bunds, however, as investors flocked into euro zone debt ahead of the launch of the ECB's bond-buying programme.The pound had earlier drawn support from steady economic growth in Britain, although a drop in ...
Sterling surges along with dollar after US data LONDON: Sterling jumped to a more than 7-year high of 72.705 pence per euro on Thursday, pulled higher along with the dollar after durable goods sales data bolstered the case for a rise in US interest rates. The pound has been helped by UK government bond yields that dwarf those in top-rated European economies including Germany, and has tended to rise with the dollar as expectations for a rise in US interest rates solidify. It ...
Turkey's lira weakens to 2.5 to dollar after criticism of central bank ISTANBUL: The Turkish lira weakened to 2.5 against the dollar on Thursday, extending losses triggered a day earlier by fierce criticism of the central bank from President Tayyip Erdogan, while the dollar was boosted by stronger-than-expected US durable goods orders. The lira was hovering near its record low of 2.5155 which it hit two weeks ago, but edged back to 2.4965 by 1507 GMT. Copyright Reuters, 2015 ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln