Turkish Central Bank interferes with foreign currencies mark...| MENAFN.COM

Wednesday, 25 May 2022 02:59 GMT

Turkish Central Bank interferes with foreign currencies market


(MENAFN) According to the Turkish Central Bank announcement on Friday, the bank has interfered in the global currencies markets for the second time this present week "due to unhealthy price formations in exchange rates."

The statement came amidst changing foreign exchange rates. After the move, Turkish lira increased a little in value against dollar, dropping to 13.41 from 13.88.

The bank's past direct interference with the market happened on Wednesday for first time since the first month of 2014, when it had made a sale of USD3.15 billion.

The Central Bank declares foreign exchange interferences to its community during the same day, and the total amounts are issued 15 days after the interference.

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