Economy 4 sources 2 updates
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Public institutions take steps in fund crisis, Central Bank foreign currency sales in focus
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The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Turkey Wealth Fund was reported to have made purchases on the stock exchange.
Mentioned in this story
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Source spectrum State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign 
Haber73rd to publish the story18 Sept, 16:24 Devlet dört koldan devrede: Merkez Bankası, SPK, Varlık Fonu ve Emlak Katılım anında müdahale etti 
Ekonomim4th to publish the story18 Sept, 16:27 Reuters: TCMB, çarşamba günü 5 milyar dolar döviz sattı 
Halk TV2nd to publish the story18 Sept, 16:23 Son dakika | Fon krizinin maliyeti belli oldu: Tek günde milyarlarca dolar gitti 
Bloomberg (US)First to publish the story18 Sept, 15:37 Turkey’s Wealth Fund Bought Blue-Chip Stocks to Stem Market Rout
Haber73rd to publish the story18 Sept, 16:24 Devlet dört koldan devrede: Merkez Bankası, SPK, Varlık Fonu ve Emlak Katılım anında müdahale etti Ekonomim4th to publish the story18 Sept, 16:27 Reuters: TCMB, çarşamba günü 5 milyar dolar döviz sattı Halk TV2nd to publish the story18 Sept, 16:23 Son dakika | Fon krizinin maliyeti belli oldu: Tek günde milyarlarca dolar gitti Bloomberg (US)First to publish the story18 Sept, 15:37 Turkey’s Wealth Fund Bought Blue-Chip Stocks to Stem Market Rout - Bloomberg (US) Foreign
- Halk TV Opposition
- Haber7 Pro-government
- Ekonomim Independent
Where reports differ
Pro-government press Highlights the simultaneous measures taken by the Treasury, the Central Bank, the Capital Markets Board (SPK) and the banking regulator BDDK, as well as the Turkey Wealth Fund's role as a strong buyer on the stock exchange.
Opposition press Emphasizes the cost of the intervention: citing bankers' calculations, it reports that the Central Bank sold $5-5.2 billion in a single day and that a liquidation decision was made for a fund worth approximately 900 billion lira.
Story thread
- Public institutions take steps in fund crisis, Central Bank foreign currency sales in focus The Treasury and Finance Ministry convened the Financial Stability Committee, and the Central Bank (TCMB) raised repo funding to 300 billion lira. According to reports citing Reuters, the Central Bank sold approximately $5 billion on Wednesday; the Turkey Wealth Fund was reported to have made purchases on the stock exchange.
- Funds of seven portfolio companies closed, 131 funds enter liquidation process On September 17, the Capital Markets Board (SPK) closed the Electronic Fund Trading Platform (TEFAS) funds of Tera, Pusula, Hedef, Atlas, A1, Pardus and Bulls Portföy to buying and selling; according to BirGün's calculations, the 223 funds of these companies total approximately 1.10 trillion lira in size, with 932,000 investors.
