Nominal Total Credit to General Government, Adjusted for Breaks, for Turkey
Billions of Turkish New Liras
QTRGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,719.64
Year-over-Year Change
265.82%
Date Range
1/1/2001 - 10/1/2024
Summary
The 'Billions of Turkish New Liras' trend measures the total value of the Turkish currency in billions, providing insight into the country's economic activity and monetary policy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents the total amount of Turkish new liras in circulation, which is a key metric for analyzing the country's money supply, inflation, and overall economic health.
Methodology
The data is collected and reported by the Central Bank of the Republic of Turkey.
Historical Context
Policymakers and analysts use this trend to assess the Turkish economy and inform monetary and fiscal policy decisions.
Key Facts
- Turkey adopted the Turkish new lira in 2005, replacing the old Turkish lira.
- The Turkish new lira is the official currency of Turkey and is divided into 100 kuruş.
- Turkey has experienced periods of high inflation, which can impact the value of the Turkish new lira.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Turkish New Liras' trend measures the total value of the Turkish currency in circulation, providing insight into the country's money supply and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the Turkish economy, as the money supply and currency value can impact inflation, economic growth, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Republic of Turkey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the Turkish economy and inform monetary and fiscal policy decisions, such as interest rate adjustments and inflation targeting.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, and there may be occasional delays or revisions due to the reporting processes of the Central Bank of Turkey.
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Citation
U.S. Federal Reserve, Billions of Turkish New Liras (QTRGANXDCA), retrieved from FRED.