Drain on Turkey’s reserves raises prospect of gold sales to prop up currency
Central bank has spent $30bn to support lira as foreign investors sell Turkish assets during Iran war
Central bank has spent $30bn to support lira as foreign investors sell Turkish assets during Iran war

Central bank arranged $20bn of sales and swaps in March as it battled to support the lira

Long-running Iran sanctions-busting case resolved after Turkey helped arrange Gaza ceasefire deal

Margin calls force some investors to sell, but analysts say precious metal will rebound even as Iran war fallout endures

Country is now running ultraorthodox policy but still struggling to bring persistent inflation down

Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war

Turkey, Romania and Zambia have all lopped digits from their notes after runaway inflation