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Turkey has almost completely sold off its U.S. Treasury holdings

2026-05-21 12:41

Odaily Planet Daily News: Calculations based on data from the U.S. Department of the Treasury show that in March (the first month of the Iran war), Turkey nearly sold off all of its holdings of U.S. Treasury bonds in order to increase efforts to support its local currency. Data shows that as of the end of March, Turkey's total holdings of U.S. Treasury bonds fell from $16 billion the previous month to $1.8 billion. This figure includes bonds held by the central bank as well as other Turkish entities (including corporations). (Jin Shi)