De-Dollarization in Motion By Mehmet Enes Beşer For decades, Southeast Asian economies have been plugged into a system controlled by the U.S. dollar. In trade settlements and sovereign reserves, in cross-border investments and financial benchmarks, the dollar was not just a currency—it was the linchpin of regional economic integration. But now, across the region—Jakarta to Kuala Lumpur, Bangkok to Manila—stealthy ...
The president who promised to make America great again is accelerating its descent into the very instability it was once counted on to offset. By Mehmet Enes Beşer America has occupied a unique position in the world order for decades now—not only as a superpower but also as a financial and institutional safe haven. In crises, capital seeks refuge in ...
Türkiye has opposed Western sanctions against Moscow. Bilateral trade grew almost 100% from 2021 to 2022 to $68 billion according to Turkish Ministry of Trade. Turkish companies have investments in construction, textiles and household appliances in Russia, which in turn supplies a large part of the energy consumed by Türkiye. But in December of last year President Biden signed the ...