Turkey has sold off almost all of its US Treasury holdings as the economic impact of the Iran conflict intensifies
Turkey sold nearly all of its US Treasury holdings in March, showing the economic strain the country is experiencing amid the ongoing US-Israeli war with Iran and closure of the strait of Hormuz.
According to a Bloomberg report on Thursday, Turkey liquidated approximately $14 billion worth of US Treasuries. This drastic move reduced Turkey’s total holdings of US debt to a mere $1.6 billion.
