Turkish central bank takes measures to limit market impact of regional conflict

Reuters
People stand next to a currency exchange board showing the Turkish Lira which fell to historic lows against the dollar, a day after the arrest of Istanbul's Mayor Ekrem Imamoglu in Istanbul, Turkey on March 20, 2025. (AFP)
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  • The ‌central ‌bank ​said ‌measures ‌were taken following recent developments and to ensure ‌the sound functioning of the foreign ⁠exchange ⁠market while preventing possible volatilities in exchange rates and stabilize foreign exchange liquidity

ISTANBUL: The Turkish central ​bank said on Sunday it decided to suspend one-week repo ‌auctions ‌and start ​lira-settled ‌foreign ⁠exchange ​forward selling transactions amid ⁠the regional conflict’s impact on markets.
In a ⁠statement, the ‌central ‌bank ​said ‌measures ‌were taken following recent developments and to ensure ‌the sound functioning of the foreign ⁠exchange ⁠market while preventing possible volatilities in exchange rates and stabilize foreign exchange liquidity. 

 

Topics: Turkiye