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Murat Yetkin
20 May 2024, Monday / Published in Economy

Without CBRT intervention, USD/TL could be 27 Instead of 32

The Central Bank of Republic of Türkiye (CBRT) which sold foreign currency from its reserves to prevent the US dollar from appreciating further against the Turkish lira (TL) before the March 31 elections, is now buying US dollars from the market to prevent the TL from appreciating too much against the dollar. According to Central
CBRTCDScentral bank of turkeyMehmet ŞimşekTurkeyTurkish economyTurkish lira
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