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Turkish central bank Sells $10 Billion to Stabilize Lira Amid Political Tensions, Markets Rebound
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Turkish central bank Sells $10 Billion to Stabilize Lira Amid Political Tensions, Markets Rebound
The Central Bank of the Republic of Türkiye (CBRT) sold nearly $10 billion over two weeks to stabilize the lira amid renewed political risks, before resuming foreign exchange purchases on Monday, Reuters reported. According to information obtained by traders, the initial intervention occurred on September 2, when the central bank sold about $5.4 billion following a court decision to remove the Istanbul provincial head of the main opposition Repu…
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