What matters this morning

Turkey has started to evacuate its troops from Afghanistan, according to a statement from the Ministry of National Defense. “Since 2002, The Turkish Armed Forces have operated in Afghanistan under the United Nations, NATO and bilateral agreements to contribute to the peace, welfare and stability of the Afghan people,” the statement read.

On the other hand, the country has made its own plans since the U.S. decided to withdraw from Afghanistan, according to Presidential Spokesperson Ibrahim Kalin. Speaking to NTV, Kalin said the country can continue to operate the Kabul Airport after the withdrawal of the troops and civil experts can support the Taliban administration. “Negotiations about the issue continue. They also demonstrate a will,” he added. Touching on the news in the British press claiming that the UK would set up a refugee center, Kalin said: “Nothing has been officially delivered us. We’ve clearly rejected this claim since its emergence.” It is still unclear why the Turkish government is insistent on the Kabul Airport and whether there is an economic interest there for the country.

Looking at the money market, USD/TRY, which has decreased for the fourth successive day and stood below 8.40 for two days, is traded at 8.38 this morning. EUR/TRY hovers around 9.89.

Oil prices started to decline this morning following a 3-day increase due to concerns over the pandemic. Brent crude dropped by 0.83% to USD 71.65 per barrel. Gold prices also decreased after investors focused on the Jackson Hole conference of the Federal Reserve. Spot gold dropped by 0.27% to USD 1,786 per ounce this morning. Gold prices also dropped by 0.7% yesterday, recording the highest decrease in the last two weeks.


The Central Bank and the Banking Regulation and Supervision Agency (BDDK) will release weekly money and banking statistics (2.30 pm).

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