Turkey’s currency is likely to depreciate in 2023

The lira has stabilised since June 2022, primarily as a result of unorthodox supportive policies

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In this article

  • Foreign finance
  • Domestic market
  • KKMs
  • Macroprudential policies
  • Reserves
  • Challenges ahead
  • Real exchange rate
  • Capital flows
  • Unwinding KKMs
  • Possible outcomes
  • Political choice

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.