Turkish Central Bank to launch lira-settled auctions
ANKARA - Anadolu Agency
“The maximum total amount of foreign exchange sale positions is planned to be $3 billion by the end of 2017,” the Bank noted in a statement.
The move comes after the lira dropped sharply in value against the dollar last month. It was around 3.87 liras on Nov. 18 after hitting 3.9 in the previous day.