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Turkey has almost completely liquidated its U.S. debt.

MeNews
ME News Report, May 21 (UTC+8), based on U.S. Treasury Department data calculations, shows that Turkey, in March (the first month of the Iran war outbreak), almost completely liquidated its holdings of U.S. Treasury bonds to strengthen its domestic currency. Data indicates that by the end of March, Turkey's holdings of U.S. Treasury bonds decreased from $16 billion in the previous month to $1.8 billion. This figure includes bonds held by the central bank and other Turkish entities (including companies). (Jinshi) (Source: ODAILY)
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GateUser-e623ef4b
· 3h ago
From 160 to 18, this number looks like the account was hacked and emptied, haha.
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GateUser-23bf1070
· 3h ago
Jin10+ODAILY dual sources, the data should be reliable, but what about later?
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GateUser-b665e41c
· 3h ago
The Turkish lira has previously fallen to that extent; without selling U.S. debt, it can't withstand it at all.
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MintedAtDawn
· 3h ago
Curious about who took over the position—how is it that such a large-scale sell-off didn't cause intense market volatility?
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PeacockSpreadsItsFeathersBut
· 3h ago
March just happened to be when Iran started fighting, with geopolitical risks adding to exchange rate pressure, a double blow
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HeavyStakingOnASnowyNight
· 3h ago
Central banks and corporations running together, the fight to defend the domestic currency has turned into a massive dump of U.S. Treasury bonds.
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YieldGoblin
· 3h ago
This sell-off is too intense—160 billion is down to the remaining 1.8 billion. Turkey is really in a panic.
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