(MENAFN) According to sources, Turkish President Recep Tayyip Erdogan is planning to hold a meeting with top economy officials, including ministers, senior civil servants and Central Bank Gov. Murat 'etinkaya, in order to discuss the volatility in Turkish Lira and other economic developments.
A source told Reuters: 'The latest developments in the foreign exchange rates will be discussed in the meeting,' while the lira has lost as much as 10% against the dollar since the start of 2017, which made it the worst-performing major currencies in the new year.
Furthermore, the Turkish Central Bank skipped its one-week repo auction, aiming to boost the lira by reducing the amount of local currency circulating in markets.
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