16 billion to 1.8 billion, completed in one month, the speed of asset reallocation under geopolitical conflicts is astonishing

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, including bonds held by the central bank and other Turkish entities (including corporations). (Jin10) (Source: ODAILY)