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  • 14-12-21

    Turkish Central Bank makes interference in foreign markets for 4th time

    (MENAFN) On Monday Turkey’s Central Bank made an interference in foreign stock exchange for the fourth time during December, referring to "unhealthy price formations."

    The step came following the downfall of the Turkish lira to a new low record against the greenback, dropping to about 14.75 as of Monday.

    According to the bank’s statement, "the Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates," and the lira increased against the dollar after the step, exchanging for 14.30 by 1020GMT.

    This was the fourth interference since the first day of this month, when the Central Bank declared its initial direct interference in seven years, with the last three amounting at more than USD2 billion.

    MENAFN14122021000045013568ID1103355097

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