Page 6 - TURKRptOct20

Murat Kubilay, a former portfolio manager, questioned on August 28 in a tweet thread whether an upcoming shock rate hike that would prove inevitable could help the lira catch its breath this time around as ​the current problem is not the returns that Turkey promises but the country’s ability to meet its FX liabilities​.
Dollar weakness is Turkey’s biggest chance.
Some syndicated loans held by Turkish banks will need rolling over in October and November.
2.2​ ​Doctors ‘choosing who gets intensive care chance of life as Turkey’s COVID-19 outbreak goes out of control’
Intensive care units in many Turkish hospitals are full and doctors at some hospitals in the southeastern city of Diyarbakir are plainly having to choose which coronavirus (COVID-19) patients in a critical condition are admitted into their intensive care units (ICUs) to be given a chance of survival, Sinan
6​ TURKEY Country Report​ October 2020 ​ ​www.intellinews.com