What matters on Wednesday, September 22

Turkey plans to submit the Paris Climate Agreement to the Parliament for approval next month in line with its constructive steps and a declaration of its contributions to the cause, said President Recep Tayyip Erdogan during his speech at the United Nations General Assembly in New York. Turkey is one of the six countries in the world, including Eritrea, Iraq, Iran, Libya and Yemen and the only G-20 nation yet to ratify the pact.

The country is also in talks with United Arab Emirates (UAE) about potential investments in the energy sector, according to Deputy Energy Minister Alparslan Bayraktar. Speaking at the Gastech Conference, he said he will discuss the issue with UAE officials today. Increasing natural gas prices cause pressure on the country as it highly relies on external resources. Domestic natural gas consumption of the country amounted to 48.26 billion cubic meters last year.

The Federal Reserve announces its interest rate decision today while the Turkey’s central bank’s announcement will come tomorrow. Looking at the money market prior to their decisions, USD/TRY hovers around 8.62-8.64 this morning.

So far over 106 million coronavirus vaccine jabs has been administered. Some 52.9 million people have received their first doses, while more than 42.5 million are fully vaccinated. Some 29,338 new coronavirus cases and 260 deaths due to Coronavirus were reported in the last 24 hours by the Health Ministry.


The Consumer Confidence Index increased by 1.8% to 79.7 points in September, compared to the previous month, according to the Turkish Statistical Institute (TurkStat).

The number of road motor vehicle registrations dropped by 18% in August, compared to the previous month, according to TurkStat. The figure also decreased by 7.7% on an annual basis. 95,896 road motor vehicles were registered in the country last month.


>> Two source markets, two destinations.

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