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On November 25, the health minister released infection figures that include asymptomatic cases at 28,351, including 6,814 with symptoms.
On November 26, TTB Secretary Vedat Bulut said that new COVID-19 figures are still suspiciously low as contact tracing units detected some 14,000 positive COVID-19 cases in Ankara alone on November 25.
Foreign Tourist Arrivals in Turkey by country
From...
Oct
Sep
August
July
June
May
Russia
489 836
Russia
648 742
Russia
439 731
Germany
199 235
Germany
63 268
Bulgaria
6 785
Bulgaria
232 729
UK
262 352
UK
260 846
Ukraine
152 717
Bulgaria
15 171
Georgia
3 061
Ukraine
155 254
Ukraine
252 018
Ukraine
255 651
UK
74 671
Netherlands
13 855
Ukraine
2 291
Germany
124 544
Bulgaria
232 324
Germany
170 007
Netherlands
64 679
UK
10 940
Romania
1 985
UK
60 008
Germany
123 147
Bulgaria
79 077
France
58 540
Belgium
10 576
Serbia
1 912
OTHER
679 932
OTHER
684 899
OTHER
609 389
OTHER
383 085
OTHER
100 958
OTHER
13 795
TOTAL
1 742 303
TOTAL
2 203 482
TOTAL
1 814 701
TOTAL
932 927
TOTAL
214 768
TOTAL
29 829
2.3 Markets...
There’s been rising volatility in the Turkish lira since November 9. It fluctuates at least 10 kurus each day. There will be more and more market pressure for the Erdogan administration to bless more rate
increases.
Five-year credit default swaps (CDS) are a popular instrument to trade Turkey risk without being subject to capital control shocks or short sale bans/fines.
Turkey’s problems now go over the head of interest rates. Be careful not to get married to Turkish assets while chasing up one-night stands. At the risk of repeating the already repeated, let’s be clear once more that the Turkish markets are, no arguments brooked, a veritable jungle. Sharks and vultures, you are welcome. Bears and bulls, you best stay at home.
New finance minister is another Erdogan man, as is the new central bank governor.
8 TURKEY Country Report December 2020 www.intellinews.com
