📉Turkey just dumped 89% of its US Treasury holdings in a single month. $16 billion down to $1.8 billion. Gone. They're burning reserves to keep the lira alive while inflation sits at 32.4% and bond yields hit record highs. The intervention isn't working. The lira is still collapsing. When a NATO ally starts liquidating US debt at that speed, the currency crisis is already deep.
Source: Turkiye Today

https://x.com/i/status/2057560310257762507

🇹🇷🇹🇷Ellinne