Rabobank Shared Its USD/TL Analysis

Rabobank shared its USD/TL analysis. The institution also evaluated the CBRT's change of president.

Piotr Matys, Rabobank Emerging Markets Strategist, made an assessment regarding the dismissal of Naci Ağbal, the Governor of the Central Bank of the Republic of Turkey (CBRT), and the Turkish Lira. Speaking to Bloomberg HT channel on the subject, Matys suggested that the USD/TL exchange rate could see double digits and record an all-time record level. Matys made the following comment regarding the Turkish Lira: "I was optimistic about the Turkish lira, I was expecting the currency to appreciate against the US dollar, but it was always going to be a short-term correction. The USD/TL rate could hit an all-time record and reach double digits." Explaining that investors are constantly asking questions about how to resolve issues such as high inflation, Matys said, "Something needs to be done to gain investors' trust."     Source: Bloomberg HT