17:31 - 12.02.2025

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February 12, Fineko/abc.az. Turkey began buying U.S. treasury bonds for the first time in almost 10 years, their volume in the country's reserves reached $12 billion, ABC.AZ reports, citing Bloomberg’s sources.

"According to a source familiar with the situation, this step was taken after Turkey refused to buy treasury bonds since 2016 due to tensions with the U.S. and geopolitical issues," the paper writes.

According to the agency, Turkey's central bank began buying U.S. treasury bonds as part of efforts to normalize reserve policy after foreign exchange reserves reached a "healthy" level.

"According to the U.S. Treasury Department, the volume of US bonds in Turkey's reserves has increased by $10 billion over the past year and reached $12 billion. Ankara largely got rid of its bonds, which peaked in the early 2010s and amounted to about $80 billion, amid escalating political and geopolitical disagreements during the first presidential term of Donald Trump," the paper notes.

It clarifies that the largest bond purchases were made in October, a month before Trump's re-election, for totally $6 billion.

The Central Bank of Turkey has not yet made a statement on the occasion.