{"status":true,"post":{"id":29806,"user_id":2,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-24 16:07:44","created_at":"2021-12-02T21:00:00.000000Z","updated_at":"2022-10-24T13:07:44.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":29806,"is_featured":0,"title":"\u00c7in\u2019in d\u00f6viz kuru politikalar\u0131","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p style=\"text-align: right;\"><span class=\"large\"><strong>FAT\u0130H OKTAY<\/strong><\/span><br><span class=\"large\"> <strong><\/strong><\/span><\/p>  <p><span class=\"large\">\u00c7in\u2019de 1994 y\u0131l\u0131 \u00f6ncesinde, T\u00fcrkiye\u2019de 1980 \u00f6ncesindeki gibi bir sabit kur uygulamas\u0131 ve buna paralel olarak devletin koydu\u011fu kurallar \u00e7er\u00e7evesinde i\u015fleyen bir de serbest d\u00f6viz piyasas\u0131 bulunuyordu. 1994 y\u0131l\u0131nda \u00fclkede o s\u0131rada serbest piyasa ABD dolar\u0131 kuru olan 8.7 Yuan \u00fczerinden kontroll\u00fc dalgalanma sistemine ge\u00e7ildi. Bu sistemde kurlar piyasada belirleniyor, ancak g\u00fcnl\u00fck de\u011fi\u015fim y\u00fczde 0.3 d\u00fczeyini a\u015fam\u0131yordu. Bu yap\u0131 i\u00e7inde RMB yava\u015f yava\u015f de\u011fer kazanmaya ba\u015flad\u0131; 1997 y\u0131l\u0131na gelindi\u011finde, 1 dolar 8.3 Yuan de\u011ferine d\u00fc\u015fm\u00fc\u015ft\u00fc. D\u00fczenli olarak d\u0131\u015f ticaret fazlas\u0131 verildi\u011finden \u00fclkeye s\u00fcrekli net d\u00f6viz ak\u0131\u015f\u0131 oluyor, bu da RMB\u2019nin de\u011ferlenmesine yol a\u00e7\u0131yordu. Bu durum devam ederse ihracat olumsuz etkilenece\u011finden \u00fclke y\u00f6netimi RMB\u2019nin daha fazla de\u011ferlenmesine izin vermedi ve 2005 y\u0131l\u0131na kadar kur bu de\u011ferde kald\u0131. Ba\u015fta ABD, di\u011fer \u00fclkelerin bask\u0131s\u0131yla 2005 sonras\u0131nda merkez bankas\u0131 RMB\u2019nin kontroll\u00fc bir \u015fekilde de\u011ferlenmesine izin verdi. K\u00fcresel kriz nedeniyle 2008\u2019de RMB kuru yine sabit bir de\u011ferde sabitlendi, ancak 2010 y\u0131l\u0131nda tekrar kontroll\u00fc de\u011ferlenme politikas\u0131na ge\u00e7ildi.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>KONTROLL\u00dc DALGALANMA S\u0130STEM\u0130<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00c7in nas\u0131l oluyor da, d\u00f6viz kurlar\u0131n\u0131 b\u00f6yle hassas bir \u015fekilde kontrol edebiliyor? <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> G\u00fcn i\u00e7i oynamalar\u0131 s\u0131n\u0131rlayan kontroll\u00fc dalgalanma sistemi buna yard\u0131mc\u0131 oluyor. Ancak bu sistemde piyasa kuru arz ve talebi e\u015fitlemeyebilece\u011fi i\u00e7in merkez bankas\u0131n\u0131n da piyasaya girmesi, \u00fclke paras\u0131 de\u011ferleniyorsa piyasadan d\u00f6viz fazlas\u0131n\u0131 almas\u0131, de\u011fer kaybediyorsa piyasan\u0131n ihtiya\u00e7 duydu\u011fu d\u00f6vizi satmas\u0131 gerekiyor. \u00dclke paras\u0131 de\u011fer kaybediyorsa merkez bankas\u0131n\u0131n m\u00fcdahale g\u00fcc\u00fc d\u00f6viz rezervleri ile s\u0131n\u0131rl\u0131, ancak \u00c7in\u2019de oldu\u011fu gibi \u00fclke paras\u0131 de\u011ferleniyorsa b\u00f6yle kat\u0131 bir s\u0131n\u0131r\u0131n olmamas\u0131 i\u015fi kolayla\u015ft\u0131r\u0131yor. \u00c7in\u2019in 2014 y\u0131l\u0131nda 4 trilyon ABD dolar\u0131na ula\u015fan d\u00f6viz rezervlerinin kayna\u011f\u0131 bu d\u00f6viz al\u0131mlar\u0131yd\u0131. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>SERMAYE HAREKET\u0130 KONTROLLER\u0130<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00c7in\u2019de merkez bankas\u0131n\u0131n i\u015fini kolayla\u015ft\u0131ran bir etken de sermaye hareketi kontrolleri. Bu kontroller yak\u0131n bir zamana kadar \u00c7in\u2019de yerle\u015fiklerin \u00fclke d\u0131\u015f\u0131nda d\u00f6viz varl\u0131klar\u0131 edinmeleri ve daha \u00f6nemlisi yabanc\u0131lar\u0131n RMB edinmeleri ve \u00fclke finansal piyasalar\u0131na yat\u0131r\u0131m yapmalar\u0131n\u0131 kat\u0131 bir \u015fekilde k\u0131s\u0131tl\u0131yordu. 2000\u2019li y\u0131llarda \u00f6nce \u00fclkede yerle\u015fiklerin d\u00f6viz edinmesi, ard\u0131ndan yabanc\u0131lar\u0131n RMB edinmesi ve \u00fclke finansal piyasalar\u0131na yat\u0131r\u0131m yap\u0131lmas\u0131 ile ilgili k\u0131s\u0131tlamalar giderek gev\u015fetildiyse de \u00c7in, s\u0131cak paraya h\u00e2l\u00e2 kapal\u0131. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Bu durumda RMB-d\u00f6viz i\u015flemleri b\u00fcy\u00fck \u00f6l\u00e7\u00fcde d\u0131\u015f ticaret kaynakl\u0131, spek\u00fclatif i\u015flem olanaklar\u0131 k\u0131s\u0131tl\u0131; bu da merkez bankas\u0131n\u0131n i\u015fini kolayla\u015ft\u0131r\u0131yor. \u00c7in\u2019in yabanc\u0131 kaynaklara kap\u0131y\u0131 kapatabilmesine, \u00e7ok y\u00fcksek d\u00fczeydeki ulusal tasarruflar\u0131 olanak sa\u011fl\u0131yor, geli\u015fmekte olan bir\u00e7ok di\u011fer \u00fclkenin aksine, \u00fclke ulusal tasarruflar\u0131 yat\u0131r\u0131m i\u00e7in gerekli kaynaklar\u0131 a\u015f\u0131yor ve d\u0131\u015f ticaret fazlas\u0131 yoluyla ba\u015fka \u00fclkelere ak\u0131yor, dolay\u0131s\u0131yla yabanc\u0131 kayna\u011fa muhta\u00e7 kal\u0131nm\u0131yor.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Ancak bu dikensiz bir yol de\u011fil. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00dclke merkez bankas\u0131n\u0131n RMB\u2019nin de\u011ferlenmesini \u00f6nlemek i\u00e7in ald\u0131\u011f\u0131 d\u00f6vizlerin bedelini yerli para ile \u00f6demesi gerekiyor. Bu, \u00f6nlem al\u0131nmazsa, para arz\u0131nda, kredi hacminde geni\u015flemeye yol a\u00e7\u0131yor ve enflasyon tehlikesi yarat\u0131yor. Enflasyon ekonominin i\u015fleyi\u015fi ve toplumsal d\u00fczen a\u00e7\u0131s\u0131ndan ba\u015fl\u0131 ba\u015f\u0131na bir zararl\u0131 olman\u0131n yan\u0131nda, \u00fclkede mallar\u0131n fiyatlar\u0131n\u0131n artmas\u0131yla ihracat g\u00fcc\u00fcn\u00fc de olumsuz etkiliyor ve bunun korunmas\u0131 i\u00e7in \u00fclke paras\u0131n\u0131n daha da fazla de\u011fer kaybetmesi ihtiyac\u0131n\u0131 do\u011furuyor. Bu sarmala girmemek i\u00e7in merkez bankas\u0131n\u0131n d\u00f6viz kar\u015f\u0131l\u0131\u011f\u0131nda piyasaya verdi\u011fi paran\u0131n emilmesi gerekiyor. \u00c7in\u2019de bu, d\u00f6viz al\u0131mlar\u0131n\u0131n y\u00fcksek d\u00fczeylere ula\u015ft\u0131\u011f\u0131 d\u00f6nemde banka mevduat munzam kar\u015f\u0131l\u0131k oranlar\u0131n\u0131n ola\u011fan\u00fcst\u00fc y\u00fcksek d\u00fczeylere \u00e7\u0131kart\u0131lmas\u0131yla sa\u011flanm\u0131\u015ft\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>UCUZ RMB POL\u0130T\u0130KASINDAN UZAKLA\u015eTI<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00d6te yandan, d\u00fc\u015f\u00fck de\u011ferli ulusal para politikas\u0131n\u0131n uygulanmas\u0131n\u0131 uluslararas\u0131 etkenler de s\u0131n\u0131rl\u0131yor. Ba\u015fta ABD olmak \u00fczere geli\u015fmi\u015f \u00fclkeler, \u00f6zellikle hat\u0131r\u0131 say\u0131l\u0131r b\u00fcy\u00fckl\u00fckteki ekonomilerin ihracat\u0131 desteklemek i\u00e7in bu y\u00f6nde politikalar izlemesine s\u0131cak bakm\u0131yorlar. Yasal d\u00fczenlemelere ba\u011fl\u0131 olarak ABD Hazine Bakanl\u0131\u011f\u0131 y\u0131ll\u0131k olarak \u00fclkelerin d\u00f6viz politikalar\u0131n\u0131 de\u011ferlendiren bir rapor yay\u0131nl\u0131yor ve ABD ba\u015fkan\u0131n\u0131n paras\u0131n\u0131n de\u011ferini d\u00fc\u015f\u00fck tuttu\u011fu belirlenen \u00fclkelere kar\u015f\u0131 tedbir almas\u0131 gerekiyor. Belirtti\u011fimiz gibi \u00c7in, uluslararas\u0131 bask\u0131n\u0131n katk\u0131s\u0131yla bu y\u00f6ndeki politikalar\u0131n\u0131 gev\u015fetmek zorunda kald\u0131. 2000\u2019li y\u0131llarda bir yandan d\u00f6viz piyasa ve politikalar\u0131nda, bir yandan sermaye hareketlerindeki serbestle\u015fmeyle \u00c7in, ucuz RMB politikas\u0131ndan giderek uzakla\u015ft\u0131 ve <\/span><span class=\"large\">2014 y\u0131l\u0131nda merkez bankas\u0131, on y\u0131llard\u0131r yapt\u0131\u011f\u0131n\u0131n aksine RMB\u2019nin de\u011fer kaybetmesine kar\u015f\u0131 b\u00fcy\u00fck bir sava\u015f verdi\u011fi bir durum ile kar\u015f\u0131 kar\u015f\u0131ya kald\u0131. RMB\u2019nin de\u011fer kayb\u0131, rezervlerden bir trilyon ABD dolar\u0131 sat\u0131\u015f\u0131 ile durdurulabildi. G\u00fcn\u00fcm\u00fczde \u00c7in, IMF de\u011ferlendirmelerine g\u00f6re art\u0131k paras\u0131n\u0131n de\u011ferini d\u00fc\u015f\u00fck tutma y\u00f6n\u00fcnde politikalar izlemiyor, RMB denge kuru dolaylar\u0131nda dolan\u0131yor.<\/span><\/p>  \t\t\t\t","slug":"cinin-doviz-kuru-politikalari","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"\u00c7in\u2019in d\u00f6viz kuru politikalar\u0131","meta_description":"FAT\u0130H OKTAY","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":1109,"cropped_1200x675":null,"user":{"id":2,"name":"FAT\u0130H","surname":"OKTAY","email":"ozansoy.tuna@akay.com","slug":"fatih-oktay","avatar":"\/front\/uploads\/avatar\/1733691600qSRn7kb3ZZVHU3t.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T14:51:22.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":29905,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":29806,"locale":"tr","category_id":73,"title":"\u00c7in\u2019in d\u00f6viz kuru politikalar\u0131","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p style=\"text-align: right;\"><span class=\"large\"><strong>FAT\u0130H OKTAY<\/strong><\/span><br><span class=\"large\"> <strong><\/strong><\/span><\/p>  <p><span class=\"large\">\u00c7in\u2019de 1994 y\u0131l\u0131 \u00f6ncesinde, T\u00fcrkiye\u2019de 1980 \u00f6ncesindeki gibi bir sabit kur uygulamas\u0131 ve buna paralel olarak devletin koydu\u011fu kurallar \u00e7er\u00e7evesinde i\u015fleyen bir de serbest d\u00f6viz piyasas\u0131 bulunuyordu. 1994 y\u0131l\u0131nda \u00fclkede o s\u0131rada serbest piyasa ABD dolar\u0131 kuru olan 8.7 Yuan \u00fczerinden kontroll\u00fc dalgalanma sistemine ge\u00e7ildi. Bu sistemde kurlar piyasada belirleniyor, ancak g\u00fcnl\u00fck de\u011fi\u015fim y\u00fczde 0.3 d\u00fczeyini a\u015fam\u0131yordu. Bu yap\u0131 i\u00e7inde RMB yava\u015f yava\u015f de\u011fer kazanmaya ba\u015flad\u0131; 1997 y\u0131l\u0131na gelindi\u011finde, 1 dolar 8.3 Yuan de\u011ferine d\u00fc\u015fm\u00fc\u015ft\u00fc. D\u00fczenli olarak d\u0131\u015f ticaret fazlas\u0131 verildi\u011finden \u00fclkeye s\u00fcrekli net d\u00f6viz ak\u0131\u015f\u0131 oluyor, bu da RMB\u2019nin de\u011ferlenmesine yol a\u00e7\u0131yordu. Bu durum devam ederse ihracat olumsuz etkilenece\u011finden \u00fclke y\u00f6netimi RMB\u2019nin daha fazla de\u011ferlenmesine izin vermedi ve 2005 y\u0131l\u0131na kadar kur bu de\u011ferde kald\u0131. Ba\u015fta ABD, di\u011fer \u00fclkelerin bask\u0131s\u0131yla 2005 sonras\u0131nda merkez bankas\u0131 RMB\u2019nin kontroll\u00fc bir \u015fekilde de\u011ferlenmesine izin verdi. K\u00fcresel kriz nedeniyle 2008\u2019de RMB kuru yine sabit bir de\u011ferde sabitlendi, ancak 2010 y\u0131l\u0131nda tekrar kontroll\u00fc de\u011ferlenme politikas\u0131na ge\u00e7ildi.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>KONTROLL\u00dc DALGALANMA S\u0130STEM\u0130<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00c7in nas\u0131l oluyor da, d\u00f6viz kurlar\u0131n\u0131 b\u00f6yle hassas bir \u015fekilde kontrol edebiliyor? <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> G\u00fcn i\u00e7i oynamalar\u0131 s\u0131n\u0131rlayan kontroll\u00fc dalgalanma sistemi buna yard\u0131mc\u0131 oluyor. Ancak bu sistemde piyasa kuru arz ve talebi e\u015fitlemeyebilece\u011fi i\u00e7in merkez bankas\u0131n\u0131n da piyasaya girmesi, \u00fclke paras\u0131 de\u011ferleniyorsa piyasadan d\u00f6viz fazlas\u0131n\u0131 almas\u0131, de\u011fer kaybediyorsa piyasan\u0131n ihtiya\u00e7 duydu\u011fu d\u00f6vizi satmas\u0131 gerekiyor. \u00dclke paras\u0131 de\u011fer kaybediyorsa merkez bankas\u0131n\u0131n m\u00fcdahale g\u00fcc\u00fc d\u00f6viz rezervleri ile s\u0131n\u0131rl\u0131, ancak \u00c7in\u2019de oldu\u011fu gibi \u00fclke paras\u0131 de\u011ferleniyorsa b\u00f6yle kat\u0131 bir s\u0131n\u0131r\u0131n olmamas\u0131 i\u015fi kolayla\u015ft\u0131r\u0131yor. \u00c7in\u2019in 2014 y\u0131l\u0131nda 4 trilyon ABD dolar\u0131na ula\u015fan d\u00f6viz rezervlerinin kayna\u011f\u0131 bu d\u00f6viz al\u0131mlar\u0131yd\u0131. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>SERMAYE HAREKET\u0130 KONTROLLER\u0130<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00c7in\u2019de merkez bankas\u0131n\u0131n i\u015fini kolayla\u015ft\u0131ran bir etken de sermaye hareketi kontrolleri. Bu kontroller yak\u0131n bir zamana kadar \u00c7in\u2019de yerle\u015fiklerin \u00fclke d\u0131\u015f\u0131nda d\u00f6viz varl\u0131klar\u0131 edinmeleri ve daha \u00f6nemlisi yabanc\u0131lar\u0131n RMB edinmeleri ve \u00fclke finansal piyasalar\u0131na yat\u0131r\u0131m yapmalar\u0131n\u0131 kat\u0131 bir \u015fekilde k\u0131s\u0131tl\u0131yordu. 2000\u2019li y\u0131llarda \u00f6nce \u00fclkede yerle\u015fiklerin d\u00f6viz edinmesi, ard\u0131ndan yabanc\u0131lar\u0131n RMB edinmesi ve \u00fclke finansal piyasalar\u0131na yat\u0131r\u0131m yap\u0131lmas\u0131 ile ilgili k\u0131s\u0131tlamalar giderek gev\u015fetildiyse de \u00c7in, s\u0131cak paraya h\u00e2l\u00e2 kapal\u0131. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Bu durumda RMB-d\u00f6viz i\u015flemleri b\u00fcy\u00fck \u00f6l\u00e7\u00fcde d\u0131\u015f ticaret kaynakl\u0131, spek\u00fclatif i\u015flem olanaklar\u0131 k\u0131s\u0131tl\u0131; bu da merkez bankas\u0131n\u0131n i\u015fini kolayla\u015ft\u0131r\u0131yor. \u00c7in\u2019in yabanc\u0131 kaynaklara kap\u0131y\u0131 kapatabilmesine, \u00e7ok y\u00fcksek d\u00fczeydeki ulusal tasarruflar\u0131 olanak sa\u011fl\u0131yor, geli\u015fmekte olan bir\u00e7ok di\u011fer \u00fclkenin aksine, \u00fclke ulusal tasarruflar\u0131 yat\u0131r\u0131m i\u00e7in gerekli kaynaklar\u0131 a\u015f\u0131yor ve d\u0131\u015f ticaret fazlas\u0131 yoluyla ba\u015fka \u00fclkelere ak\u0131yor, dolay\u0131s\u0131yla yabanc\u0131 kayna\u011fa muhta\u00e7 kal\u0131nm\u0131yor.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> Ancak bu dikensiz bir yol de\u011fil. <\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00dclke merkez bankas\u0131n\u0131n RMB\u2019nin de\u011ferlenmesini \u00f6nlemek i\u00e7in ald\u0131\u011f\u0131 d\u00f6vizlerin bedelini yerli para ile \u00f6demesi gerekiyor. Bu, \u00f6nlem al\u0131nmazsa, para arz\u0131nda, kredi hacminde geni\u015flemeye yol a\u00e7\u0131yor ve enflasyon tehlikesi yarat\u0131yor. Enflasyon ekonominin i\u015fleyi\u015fi ve toplumsal d\u00fczen a\u00e7\u0131s\u0131ndan ba\u015fl\u0131 ba\u015f\u0131na bir zararl\u0131 olman\u0131n yan\u0131nda, \u00fclkede mallar\u0131n fiyatlar\u0131n\u0131n artmas\u0131yla ihracat g\u00fcc\u00fcn\u00fc de olumsuz etkiliyor ve bunun korunmas\u0131 i\u00e7in \u00fclke paras\u0131n\u0131n daha da fazla de\u011fer kaybetmesi ihtiyac\u0131n\u0131 do\u011furuyor. Bu sarmala girmemek i\u00e7in merkez bankas\u0131n\u0131n d\u00f6viz kar\u015f\u0131l\u0131\u011f\u0131nda piyasaya verdi\u011fi paran\u0131n emilmesi gerekiyor. \u00c7in\u2019de bu, d\u00f6viz al\u0131mlar\u0131n\u0131n y\u00fcksek d\u00fczeylere ula\u015ft\u0131\u011f\u0131 d\u00f6nemde banka mevduat munzam kar\u015f\u0131l\u0131k oranlar\u0131n\u0131n ola\u011fan\u00fcst\u00fc y\u00fcksek d\u00fczeylere \u00e7\u0131kart\u0131lmas\u0131yla sa\u011flanm\u0131\u015ft\u0131.<\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> <strong>UCUZ RMB POL\u0130T\u0130KASINDAN UZAKLA\u015eTI<\/strong><\/span><br><span class=\"large\"><\/span><br><span class=\"large\"> \u00d6te yandan, d\u00fc\u015f\u00fck de\u011ferli ulusal para politikas\u0131n\u0131n uygulanmas\u0131n\u0131 uluslararas\u0131 etkenler de s\u0131n\u0131rl\u0131yor. Ba\u015fta ABD olmak \u00fczere geli\u015fmi\u015f \u00fclkeler, \u00f6zellikle hat\u0131r\u0131 say\u0131l\u0131r b\u00fcy\u00fckl\u00fckteki ekonomilerin ihracat\u0131 desteklemek i\u00e7in bu y\u00f6nde politikalar izlemesine s\u0131cak bakm\u0131yorlar. Yasal d\u00fczenlemelere ba\u011fl\u0131 olarak ABD Hazine Bakanl\u0131\u011f\u0131 y\u0131ll\u0131k olarak \u00fclkelerin d\u00f6viz politikalar\u0131n\u0131 de\u011ferlendiren bir rapor yay\u0131nl\u0131yor ve ABD ba\u015fkan\u0131n\u0131n paras\u0131n\u0131n de\u011ferini d\u00fc\u015f\u00fck tuttu\u011fu belirlenen \u00fclkelere kar\u015f\u0131 tedbir almas\u0131 gerekiyor. Belirtti\u011fimiz gibi \u00c7in, uluslararas\u0131 bask\u0131n\u0131n katk\u0131s\u0131yla bu y\u00f6ndeki politikalar\u0131n\u0131 gev\u015fetmek zorunda kald\u0131. 2000\u2019li y\u0131llarda bir yandan d\u00f6viz piyasa ve politikalar\u0131nda, bir yandan sermaye hareketlerindeki serbestle\u015fmeyle \u00c7in, ucuz RMB politikas\u0131ndan giderek uzakla\u015ft\u0131 ve <\/span><span class=\"large\">2014 y\u0131l\u0131nda merkez bankas\u0131, on y\u0131llard\u0131r yapt\u0131\u011f\u0131n\u0131n aksine RMB\u2019nin de\u011fer kaybetmesine kar\u015f\u0131 b\u00fcy\u00fck bir sava\u015f verdi\u011fi bir durum ile kar\u015f\u0131 kar\u015f\u0131ya kald\u0131. RMB\u2019nin de\u011fer kayb\u0131, rezervlerden bir trilyon ABD dolar\u0131 sat\u0131\u015f\u0131 ile durdurulabildi. G\u00fcn\u00fcm\u00fczde \u00c7in, IMF de\u011ferlendirmelerine g\u00f6re art\u0131k paras\u0131n\u0131n de\u011ferini d\u00fc\u015f\u00fck tutma y\u00f6n\u00fcnde politikalar izlemiyor, RMB denge kuru dolaylar\u0131nda dolan\u0131yor.<\/span><\/p>  \t\t\t\t","slug":"cinin-doviz-kuru-politikalari","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"\u00c7in\u2019in d\u00f6viz kuru politikalar\u0131","meta_description":"FAT\u0130H OKTAY","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":1109,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}