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Erdogan Says Turkey Used $165 Billion of Reserves in 2 Years

  • Authorities may tap foreign currency reserves again if needed
  • Opposition demanding answers over drop during Albayrak tenure
Recep Tayyip Erdogan on April 21.

Recep Tayyip Erdogan on April 21.

Photographer: Adem Altan/AFP/Getty Images

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Turkish President Recep Tayyip Erdogan said authorities used $165 billion of central bank foreign-currency reserves to weather developments in 2019 and 2020, and may use them “again when needed.”