By Akin Nazli in Belgrade The Turkish central bank’s net FX position, excluding net open FX-denominated swap stock, stood at minus $57bn as of November 24, suggesting a $3bn recovery compared to the minus $60bn seen at end-October and an $8bn recovery versus minus $65bn at end-August, according to the latest data. Following the parliamentary and presidential elections held in May, the Erdogan regime let the Turkish lira depreciate, resulting in less FX spending to control the currency. Meanwhile, exporters and tourism companies remain obliged to sell 40% of their FX income to the central bank,…