Treasury Minister makes important statement regarding sales of US$ 128 billion by CBT

Treasury and Finance Minister Lutfi Elvan has also made statements on the sale of $ 128 billion in reserves, which is the hottest issue of the last period.

The Minister said, “As stated by the president of the Central Bank, foreign exchange buying and selling works on treasury accounts were carried out by the CBRT. We see that buying and selling of the Central Bank through a correspondent bank is carried out on electronic trading platforms.”

“YOU CAN CRITICIZE THE METHOD HOWEVER THERE IS NO CORRUPTION”

Elvan, who stated that domestic and foreign banks are market makers on this platform, said: “There is no person on this platform. In this process, the parties do not know each other. The other side doesn’t know who gets how much. You know how much the bank received after the transaction has taken place.”

After the banks on the platform make the necessary payments to the CBRT, there is a TL liquidity. Naturally, we can see this TL on its balance sheet. You can also see these movements comfortably on the daily balance sheet of the CBRT. All transactions are in the CBRT’s records. The method can be criticized, discussed, but accusations such as “There was corruption” are not the right approach.. There is absolutely no illegal situation or corruption, in question.”