20.03.2025 10:50
After the significant volatility in the foreign exchange market, the Central Bank has made a move regarding foreign currency. In a statement from the bank, it was announced that forward foreign currency sales would be conducted to prevent fluctuations in exchange rates.
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Recent developments in foreign exchange rates have led to record prices. As of 10:30 yesterday, the dollar rate reached 40.58 and the euro reached 44. The gram gold also saw a historic new peak of 4068 lira. Following the sharp fluctuations in foreign exchange prices, the Central Bank of the Republic of Turkey made a critical move.
The CBRT announced that Turkish lira-settled forward foreign exchange selling transactions will begin. The statement made by the CBRT is as follows: In order to ensure the healthy functioning of the foreign exchange market, to prevent volatility that may be observed in foreign exchange rates, and to balance foreign exchange liquidity, Turkish lira-settled forward foreign exchange selling transactions will be initiated at the Central Bank of the Republic of Turkey.
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