Turkey acknowledges reserves build-up necessary to stabilise lira

central-bank-of-the-republic-of-turkey-2
CBRT

The Central Bank of the Republic of Turkey attempted to stabilise the lira today (March 25), restating its commitment to price stability and international reserves accumulation.

The CBRT said it is “decisive about its policy towards reinforcing its reserves,” and added “recent fluctuations in gross reserves are driven by ordinary transactions and periodic factors, and there are no unforeseen incidences”.

After the statement’s publication, the lira recovered part of the losses it recorded on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: