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.
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.
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