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Free AccessDefense Min Criticises US Support for PKK; IIF Revises USD/TRY Fair Value to 9.5
LOCAL NEWS
- Defense Minister Akar criticises US support for PKK during a visit with Turkish troops in Iraq. "unfortunately, some countries that we know as friends gave missiles to the PKK.
- Therefore, each of them is a great danger, a great risk for us"
- Covid cases have more than halved since the peak at 60k/day mid-April, reaching 25,980/day.
- However, daily testing has also declined by 25% to 240,145/day according to health Ministry data vs two weeks ago
- Senior Turkish diplomat says covid measures shouldn't hinder Turkey-EU ties, urging the EU not to take discriminatory policies (vaccine passports) against Turkey.
- Notes "passports" could contradict Turkey's status as a candidate member and the Turkey-EU customs union
- AKP Spox Celik slams EU, saying if it "agrees to become a plaything for the Greek Cypriot administration, (with regard the two-state solution in Cyprus) good luck to them."
- Says there will be no negotiations with a approach that ignores Turkish Cypriots
- Institute for International Finance revises is fair value estimate for USD/TRY to 9.5, with Chief Economist Robin Brooks citing a sharp deterioration on confidence since Erdogan sacked ex-CBRT Governor Agbal
- HealthMin says Turkey will start vaccinating the entire adult population in summer and complete <40s by end June. Turkey has signed contracts for 240m doses:
- 100m sinovac – due to resume shipments in May, 90m BioNtech doses (30m delivered in June), 50m Sputnik v delivered over the next 6-months
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.