Central Bank of Turkey steps in Dollar increase

Tuesday, 11 May 2004 15:23:00 (GMT+3)   |  

Central Bank of Turkey steps in Dollar increase

US Dollar continued its rapid increase this morning, following its rise to TL 1.543 million against the Turkish Lira yesterday. US Dollar was traded at TL 1.575 million rate this morning in the free market . At these levels Central Bank has curbed the increase of Dollar by selling Dollar into the market. After the Central Bank's interference, US Dollar exchange rate regressed to TL 1.545 million.

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