Turkey's Central Bank on Wednesday said it has intervened in the market via selling transactions due to "unhealthy" price formations in exchange rates, according to a statement by the Bank.
The bank's announcement came amid fluctuating foreign exchange rates.
Following the move, Turkish lira gained 6.27% against dollar, reaching 12.65 after seeing a historic low of 14.05
The Central Bank made its last direct foreign exchange intervention in January 2014 with a sale of $3.15 billion.
Official reserve assets of the Central Bank increased to $123.9 billion by the end of October, a 2.2% jump from the previous month, according to latest figures released on Friday. -
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