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The Central Bank of Turkey allows the repayment of some debt at the fixed lira
2018/05/26 00:40
(Encyclopedia of this Day News | Iraq News ) - directly: the intervention of the Turkish Central Bank once again to stop the record decline of the local currency, after raising interest rates earlier this week.
The Central Bank of Turkey said in a statement on Friday that it would allow some debts related to export services and foreign currency income to be paid at the fixed pound rate.
The fixed currency rate of repayment is LL 4.2,000 per USD and EUR 4.9,000 per Euro.
The central bank is expected to pay about 3.5 billion dollars, according to Reuters.
The Turkish lira hit record lows against the US dollar this week, prompting the bank to raise interest rates by 300 basis points but did not prevent a sharp collapse of the local currency.
Fitch has warned of credit rating risks for Turkey after early elections in June, fearing government intervention to control monetary policy.
The Turkish President, "Recep Tayyip Erdogan," yesterday to take serious steps to address the acceleration of inflation, which amounted to 10.8% in April.
By 7:30 pm GMT, the Turkish lira fell about 0.5 percent to 4.7304 pounds against the dollar.
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The Central Bank of Turkey said in a statement on Friday that it would allow some debts related to export services and foreign currency income to be paid at the fixed pound rate.
The fixed currency rate of repayment is LL 4.2,000 per USD and EUR 4.9,000 per Euro.
The central bank is expected to pay about 3.5 billion dollars, according to Reuters.
The Turkish lira hit record lows against the US dollar this week, prompting the bank to raise interest rates by 300 basis points but did not prevent a sharp collapse of the local currency.
Fitch has warned of credit rating risks for Turkey after early elections in June, fearing government intervention to control monetary policy.
The Turkish President, "Recep Tayyip Erdogan," yesterday to take serious steps to address the acceleration of inflation, which amounted to 10.8% in April.
By 7:30 pm GMT, the Turkish lira fell about 0.5 percent to 4.7304 pounds against the dollar.
Note: The content entitled (The Central Bank of Turkey allows the payment of some debt at the fixed pound rate) was published first on the site (direct site) and does not bear the encyclopedia of this news day content in any way.
You can see the details of this address (the Central Bank of Turkey allows the payment of some debt at the fixed pound rate) through its original source any site (direct site).
https://hathalyoum.net/articles/1563871-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%AA%D8%B1%D9%83%D9%8A-%D9%8A%D8%B3%D9%85%D8%AD-%D8%A8%D8%B3%D8%AF%D8%A7%D8%AF-%D8%A8%D8%B9%D8%B6-%D8%A7%D9%84%D8%AF%D9%8A%D9%88%D9%86-%D8%A8%D8%B3%D8%B9%D8%B1-
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