US EditionTBMM Planning and Budget Committee... Fatih Karahan's response to the question of 'reserve adequacy': "We think we need to accumulate reserves as much as market conditions allow"
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The Central Bank of the Republic of Turkey (TCMB) Governor Fatih Karahan, regarding the Central Bank's intervention in the market and reserve sales following the operations against the Istanbul Metropolitan Municipality, said, "When the limits set by foreign banks for Turkish banks were short-lived, there was a sudden increase, but that day, the foreign exchange transaction volume, in other words, the daily transaction volume, was much higher th…
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