Central Bank of Turkey to protect lira via repo transactions

  17 April 2015    Read: 680
Central Bank of Turkey to protect lira via repo transactions
The Central Bank of Turkey will resume repo auctions from April 30 to protect the lira rate, Anadolu agency reported April 16.
The central bank is ready to provide the banks with a maximum of 13.7 billion lira, the agency reported.

This transaction is carried out as part of preventing the further growth of the dollar rate in the country. The lira depreciated by more than 15 percent versus the dollar in 2015.

According to the Central Bank of Turkey, the official exchange rate is 2.7014 TRY / USD as of April 16.

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