Turkey liquidated nearly all of its holdings of United States Treasuries in March as Ankara moved aggressively to defend the lira

Turkey's official reserves cratered by $43.4 billion in March. Part of the decline reflected state intervention to offset portfolio outflows. The current-account deficit,…

Turkey liquidated nearly all of its holdings of United States Treasuries in March as Ankara moved aggressively to defend the lira

The amount of Treasuries held by Turkey crashed to just $1.8 billion by the end of March, down from $16 billion the previous month.

Turkey offloaded almost all of its US Treasuries in March as it stepped up efforts to defend the lira amid intense economic pressure from soaring energy costs.

Turkey sold $14bn in US Treasuries as it moved to support the lira

Turkey's central bank sold $14 billion in US Treasuries in March, slashing holdings 89% from $15.7B to $1.8B, to defend the lira amid the Iran war crisis.