Can Gulf money save Turkey's economy? - Stock Check Updates

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Wednesday, May 10, 2023

Can Gulf money save Turkey's economy?

After years of adventurism in the Middle East and Eastern Mediterranean, Turkey is mending its fractured relationship with its neighbors. In turn, the Gulf states – including former rivals like Saudi Arabia and the United Arab Emirates – have provided relief to Turkey's cash-strapped central bank through currency swaps and direct deposits. But are these relief measures enough to reverse Turkey's fortunes?

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