Reply to thread

Message: <blockquote data-quote="ibnanv" data-source="post: 23528084" data-attributes="member: 218596">          Turkey’s holding of US sovereign bonds saw a nearly 12-percent  decline from May to June as Ankara seeks to diversify away from the US  dollar amid an escalating diplomatic conflict with Washington.In June, Turkey’s share of  US Treasury securities dropped to $28.8 billion from $32.6 billion in  the previous month, according to financial and political news aggregator  Zero Hedge. Since the end of last year, the country has reportedly decreased its holdings of T-bills, bonds and notes by 52 percent.Earlier this year, a US Treasury report  revealed that the Central Bank of Russia had sharply slashed the  country’s holdings of US sovereign debt. The regulator linked the  measure to increased concerns over various risks, including financial,  economic and geopolitical. In May, Russia’s share hit an 11-year low and  totaled just $14.9 billion. However, the latest data shows that Moscow  slowed down its massive sell-off of US Treasury bonds with the figure  remaining unchanged in June.The conflict between Ankara and  Washington was sparked by the detention of American pastor Andrew  Brunson in Turkey. Brunson has been charged with assisting the failed  military coup two years ago. He is facing 35 years in a Turkish prison.Washington  has introduced sanctions against Turkish officials and slapped the  country's steel and aluminum exports with extra tariffs. Ankara  retaliated by applying tariffs on a number of US products including  alcohol, tobacco and cars, while President Erdogan has called for a  boycott of American electronic products.The Turkish sell-off of  the US debt will reportedly continue into August as relations with the  White House continue to deteriorate.</blockquote>

Verification: Dawasata paya keeyak thibeda?

Top Bottom