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  • 11-12-21

    Turkish Central Bank interferes with foreign currencies market

    (MENAFN) On Friday, the Turkish Central Bank on Friday interfered in foreign currencies markets for the third time during December, referring to "unhealthy price formations."

    After the bank's declaration published amidst fluctuating foreign currencies trading rates, the Turkish lira somewhat made progress against the dollar, dropping to 13.75 from 13.95.

    After the lira went through the level of 14 against the dollar the previous week, the Central Bank interfered two times in the currencies exchange by selling the US currency.

    The two interferences started as the exchange rate increased more than 13.8. Moreover, the Central Bank declares foreign market interferences to people during the same day, with the quantities released after 15 days.

    MENAFN11122021000045013568ID1103341847

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