Turkey's Foreign Reserves Plummet Amid Iran Conflict

Turkey's foreign reserves experienced a record monthly decline in March, driven by the Iran war, which has led to global selloffs in emerging market assets and put pressure on the lira. Bloomberg posted on X, highlighting the significant impact of the conflict on Turkey's financial stability. The geopolitical tensions have exacerbated existing economic challenges, causing investors to retreat from riskier markets. This development underscores the vulnerability of emerging economies to international conflicts and their potential ripple effects on global financial markets.