Declaring Afghanistan an ‘Islamic Emirate’, the Taliban has announced an interim government fully consisting of males, to be led by Hassan Akhund, who is on the UN’s blacklist. Afghanistan’s new interior minister Sirajuddin Haqqan is also terrorist list of the U.S. “We don’t know how long this interim cabinet will last. All we have to do is to follow this process carefully,” said President Recep Tayyip Erdogan at the joint press conference held with his Democratic Republic of Congo counterpart Feliz Tshisekedi, who paid a visit to the capital Ankara.
Regarding the bilateral relations between Turkey and the Democratic Republic of Congo, the parties signed agreements on tourism, investment, and tax regulations during Tshisekedi’s visit, while they aim to increase bilateral foreign trade volume up to USD 250m. The figure has stood at USD 57.2m as of 2019, according to the Turkish Foreign Ministry.
Looking at the money market, USD/TRY, which tested above 8.35 yesterday, is traded at 8.39 this morning. EUR/TRY hovers around 9.91-9.93.
Spot gold was traded at below USD 1,800 per ounce, a psychological threshold for investors, after it dropped by 1.6% with the impact of increase in thew U.S. Treasury bonds. The yellow metal stands at USD 1,798 this morning.
Oil prices slightly increased after it declined yesterday due to increase in USD and concerns over demand. Brent crude rose by 0.28% to USD 71.89 per barrel this morning.
DAILY AGENDA
The Central Bank Governor Sahap Kavcioglu will deliver a speech at the German-Turkish Chamber of Commerce and Industry’s economy meeting to be held in the capital Ankara. Kavcioglu will answer to the questions following his speech (11.20 am).
Istanbul Chamber of Industry (ISO) will release Turkey Export Climate Index.
The Ministry of Treasury will release average cost and maturity of domestic borrowing as well as total domestic debt roll over ratio for August (5.30 pm). The average cost and maturity of domestic borrowing stands at 14.26% and 53.6 months, respectively.
