Turkish cbank meets asset targets under IMF plan

The Central Bank of Turkey on Feb 1 said it has comfortably achieved the net domestic assets target (NDA), and net international reserve levels it committed to under its anti-inflation program agreed with the International Monetary Fund. The bank said in a statement that the NDA item of its balance sheet was at an average negative 316.3 trillion lira ($1=TRL673,000) in the last five work days of January 2001, lower than the promised target of "below TRL900 trillion."

NDA, which is the proxy

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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