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The second intervention in foreign currency from the Central Bank in two days

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CENTRAL BANK OF TURKEY

The Central Bank (MB) has once again intervened after a record increase in the exchange rate.

“Due to unhealthy price formations observed at exchange rates, direct intervention is being made in the direction of selling to the market,” the bank’s website said in a statement.

MB had intervened in the market by selling foreign currency on Dec. 1 after a seven-year break during this period when historical peaks were seen in the dollar and the euro.

Today’s intervention, like the first one, came after the dollar saw 13.88. However, this time the influence of the lot became more limited.

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