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Turkey's Central Bank Reserves Surpass $141 Billion
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Turkish Central Bank's total reserves exceed $141 billion, surpassing previous records, due to the adoption of orthodox monetary policy after May elections. The central bank raised interest rates by 3,150 basis points since June in response to President Erdogan's appointment of a former Wall Street banker as its governor.
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How does the appointment of a former Wall Street banker as the central bank's governor reflect on Turkey's economic strategy and global financial influence?
How might the surge in reserves impact Turkey's economy and inflation rates?
What are the potential implications of the central bank's adoption of orthodox monetary policy on foreign investment and trade?
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