Turkish central bank intervenes in FX market - Breaking The News

Turkish central bank intervenes in FX market

17 December

1 min read

EPA-EFE/ERDEM SAHIN

Turkey's central bank announced on Friday it directly intervened in the forex market via selling transactions "due to unhealthy price formations" in exchange rates.

The move marked the fifth such intervention since the beginning of the month after the Turkish lira continued to hit all-time lows.

The US dollar surged 4.26% against the lira to sell for 16.34955 at 12:04 pm CET.

currencies lira

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