To prevent a sharp depreciation of the Turkish lira (TRY), the Central Bank of Türkiye (CBRT) has conducted additional dollar sales, a CBRT official informed Bloomberg, APA-Economics reports.
The official stated that the Central Bank intervenes when necessary to counter market volatility. Emphasizing that the Bank closely monitors the currency market, the official revealed that banks have sold between 8 to 9 billion dollars today.
Note that, in the context of recent events in Türkiye, the dollar/TRY exchange rate has depreciated by 11%, falling to 41 TRY. This is considered a new record.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
