The Central Bank of the Republic of Turkey (CBRT) announced in a statement that it directly intervened in foreign currency. In the statement, it was stated that there was a direct intervention in terms of sales due to unhealthy price formations.
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The CBRT used the following statements in the article it published on its official website:
“Due to the unhealthy price formations seen in the exchange rates, direct intervention is made in the direction of selling the market. ”
The last time the CBRT intervened directly in foreign exchange was in January 2014 and sold $3.15 billion. After this decision, the Dollar/TL rate decreased to 12.95.
https://twitter. com/Merkez_Bank/status/1465972709041528834
