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FinancialNews


  • 09-11-20

    Turkish currency begins week's trading on rise

    (MENAFN) As the new central bank governor took charge, the Turkish lira doubled in value on Monday. Compared to Friday's close, the US dollar / Turkish lira exchange rate was down by around 4 percent.

    Turkey dismissed Murat Uysal as Governor of the central bank on Saturday and replaced him with the former Minister of Finance, Naci Agbal.

    Agbal stressed, in a statement on Monday, the decisive use of all policy tools in pursuit of the objective of price stability.

    According to him, communication on monetary policy will be reinforced under the principles of transparency , accountability and predictability.

    The USD / TRY exchange rate has dropped to around 8.20 at the moment, from around 8.55 at the close on Friday.

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