{"id":56400,"date":"2021-03-31T00:23:10","date_gmt":"2021-03-31T07:23:10","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=56400"},"modified":"2021-03-31T00:25:34","modified_gmt":"2021-03-31T07:25:34","slug":"new-cbrt-governor-attempts-to-stabilize-the-turkish-lira","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/","title":{"rendered":"New CBRT Governor Attempts to Stabilize the Turkish lira"},"content":{"rendered":"\n<p><a href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/21\/erdogan-slams-turkish-lira-with-surprise-change-at-central-bank\/\">A change in leadership at the Central Bank of the Republic of Turkey (CBRT)<\/a> slammed the Turkish lira (USD\/TRY). A little over a week later, the new governor, \u015eahap Kavc\u0131o\u011flu, granted <a href=\"https:\/\/tcmb.gov.tr\/wps\/wcm\/connect\/en\/tcmb+en\/main+menu\/announcements\/remarks+by+governor\/2021\/speechg29_3_2021\" target=\"_blank\" rel=\"noreferrer noopener\">an interview with Bloomberg<\/a> to discuss recent events and monetary policy. The CBRT published a transcript of the brief interview. Thus, I assume the attempt to allay market fears and stabilize the Turkish lira is underway. So far, the currency market appears skeptical and unconvinced.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.tradingview.com\/x\/rWve2YUt\/\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/rWve2YUt\/\" alt=\"\"\/><\/a><figcaption><strong><em>After a partial fade of the big surge in the U.s. dollar vs the <a href=\"https:\/\/www.tradingview.com\/x\/rWve2YUt\/\" target=\"_blank\" rel=\"noreferrer noopener\">Turkish lira<\/a> (UD\/TRY), traders are sending the currency pair closer and closer to the all-time high set last November.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>When asked about the prospects of imminent rate cuts, Kavc\u0131o\u011flu turned to the central bank playbook of data-driven policy decisions. He tried to wave off the market&#8217;s rapid pricing of a rate cut in the April policy meeting.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;I do not approve a prejudiced approach to MPC decisions in April or the following months that a rate cut will be delivered immediately. All in all, monetary policy decisions are made by the Monetary Policy Committee in view of the available information and data set regarding macroeconomic developments.&#8221;<\/p><\/blockquote>\n\n\n\n<p>However, Kavc\u0131o\u011flu did warn that &#8220;we will also monitor the effects of the policy steps taken so far.&#8221; He declined to critique the previous decision to hike rates a whopping 200 basis points.<\/p>\n\n\n\n<br><script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-1196033822186410\" data-ad-slot=\"3478942445\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br>\n\n\n\n<p>In the interview, Kavc\u0131o\u011flu was careful not to blame inflation on high interest rates. His boss President Tayyip Erdogan maintains an unconventional theory that high rates cause inflation. Instead, the Governor pointed to structural issues in the Turkish economy beyond the reach of the CBRT. Kavc\u0131o\u011flu cited volatile prices for unprocessed food and inflexible pricing for services as examples. <\/p>\n\n\n\n<p> Overall, the interview contained no surprises. For most, it likely also delivered no new information. Accordingly, the Turkish lira continues to weaken at the time of this writing. The proof may be in the actions next month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Trade<\/strong><\/h2>\n\n\n\n<p>With a fragile economic recovery at stake, I think the rapid weakening in the Turkish lira will force the CBRT to avoid (near-term) rate cuts. If the CBRT dares to test the market&#8217;s fears, the bank will have to get extremely creative. The bank will need to accompany rate cuts with some parallel form monetary tightening. In the interview, Kavc\u0131o\u011flu effectively promised not to implement &#8220;back-door tightening&#8221; with a late liquidity window or overnight lending rates. Regardless, I matched my speculation with a freshly speculative short USD\/TRY position. I am giving the position enough room to hit marginal all-time highs.<\/p>\n\n\n\n<p>I also bought a small position in iShares MSCI Turkey ETF (TUR). The ETF is lingering around its 200-day moving average (DMA). Even if this support level fails, I like the prospects of TUR holding the double bottom set last year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/n7tMvuuI\/\" alt=\"\"\/><figcaption><strong><em>The <a href=\"https:\/\/www.tradingview.com\/x\/n7tMvuuI\/\" target=\"_blank\" rel=\"noreferrer noopener\">iShares MSCI Turkey ETF<\/a> (TUR) confirmed a 200DMA breakdown. Most of the damage so far occurred with the 19.0% gap down in the wake of the plunge in the Turkish lira.<\/em><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>Be careful out there!<\/p>\n\n\n\n<p>Full disclosure: short USD\/TRY, long TUR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A change in leadership at the Central Bank of the Republic of Turkey (CBRT) slammed the Turkish lira (USD\/TRY). A little over a week later, the new governor, \u015eahap Kavc\u0131o\u011flu, granted an interview with Bloomberg to discuss recent events and monetary policy. The CBRT published a transcript of the brief interview. Thus, I assume the &#8230; <a title=\"New CBRT Governor Attempts to Stabilize the Turkish lira\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1303,483,20,62,1417],"tags":[1571,1572,2724,115,2713,1319,1308,1309],"class_list":["post-56400","post","type-post","status-publish","format-standard","hentry","category-bottom","category-breakdown","category-forex","category-technical-analysis","category-turkey","tag-cbrt","tag-central-bank-of-the-republic-of-turkey","tag-ishares-msci-turkey-etf","tag-monetary-policy","tag-sahap-kavcioglu","tag-tur","tag-turkish-lira","tag-usdtry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New CBRT Governor Attempts to Stabilize the Turkish lira<\/title>\n<meta name=\"description\" content=\"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New CBRT Governor Attempts to Stabilize the Turkish lira\" \/>\n<meta property=\"og:description\" content=\"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T07:23:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-31T07:25:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingview.com\/x\/rWve2YUt\/\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New CBRT Governor Attempts to Stabilize the Turkish lira\" \/>\n<meta name=\"twitter:description\" content=\"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"New CBRT Governor Attempts to Stabilize the Turkish lira\",\"datePublished\":\"2021-03-31T07:23:10+00:00\",\"dateModified\":\"2021-03-31T07:25:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/\"},\"wordCount\":536,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/rWve2YUt\\\/\",\"keywords\":[\"CBRT\",\"Central Bank of the Republic of Turkey\",\"iShares MSCI Turkey ETF\",\"monetary policy\",\"\u015eahap Kavc\u0131o\u011flu\",\"TUR\",\"Turkish lira\",\"USD\\\/TRY\"],\"articleSection\":[\"Bottom\",\"Breakdown\",\"Forex\",\"Technical Analysis\",\"Turkey\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/\",\"name\":\"New CBRT Governor Attempts to Stabilize the Turkish lira\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/rWve2YUt\\\/\",\"datePublished\":\"2021-03-31T07:23:10+00:00\",\"dateModified\":\"2021-03-31T07:25:34+00:00\",\"description\":\"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/rWve2YUt\\\/\",\"contentUrl\":\"https:\\\/\\\/www.tradingview.com\\\/x\\\/rWve2YUt\\\/\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2021\\\/03\\\/31\\\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New CBRT Governor Attempts to Stabilize the Turkish lira\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New CBRT Governor Attempts to Stabilize the Turkish lira","description":"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/","og_locale":"en_US","og_type":"article","og_title":"New CBRT Governor Attempts to Stabilize the Turkish lira","og_description":"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.","og_url":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2021-03-31T07:23:10+00:00","article_modified_time":"2021-03-31T07:25:34+00:00","og_image":[{"url":"https:\/\/www.tradingview.com\/x\/rWve2YUt\/","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_title":"New CBRT Governor Attempts to Stabilize the Turkish lira","twitter_description":"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"New CBRT Governor Attempts to Stabilize the Turkish lira","datePublished":"2021-03-31T07:23:10+00:00","dateModified":"2021-03-31T07:25:34+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/"},"wordCount":536,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tradingview.com\/x\/rWve2YUt\/","keywords":["CBRT","Central Bank of the Republic of Turkey","iShares MSCI Turkey ETF","monetary policy","\u015eahap Kavc\u0131o\u011flu","TUR","Turkish lira","USD\/TRY"],"articleSection":["Bottom","Breakdown","Forex","Technical Analysis","Turkey"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/","url":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/","name":"New CBRT Governor Attempts to Stabilize the Turkish lira","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#primaryimage"},"thumbnailUrl":"https:\/\/www.tradingview.com\/x\/rWve2YUt\/","datePublished":"2021-03-31T07:23:10+00:00","dateModified":"2021-03-31T07:25:34+00:00","description":"A change in leadership at the CBRT slammed the Turkish lira. The new governor used a Bloomberg interview to try to allay market fears.","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#primaryimage","url":"https:\/\/www.tradingview.com\/x\/rWve2YUt\/","contentUrl":"https:\/\/www.tradingview.com\/x\/rWve2YUt\/"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2021\/03\/31\/new-cbrt-governor-attempts-to-stabilize-the-turkish-lira\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"New CBRT Governor Attempts to Stabilize the Turkish lira"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/56400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=56400"}],"version-history":[{"count":6,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/56400\/revisions"}],"predecessor-version":[{"id":56410,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/56400\/revisions\/56410"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=56400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=56400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=56400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}