Şahap Kavcıoğlu, President of the Central Bank of the Republic of Turkey (CBRT), stated that they are uncomfortable with the fact that some of the foreign currency is entering the crypto money market.
The Central Bank, which sold dollars yesterday to intervene in the exchange rate, held an investor meeting via videoconference today.
According to BloombergHT’s report, Kavcıoğlu said during his presentation. Most of the foreign currency goes to deposits. said and “We are uncomfortable with a certain part that goes into cryptocurrencies.” made a statement.
Stating that “the CBRT’s reserves have been on a steady increase in the last period” and that “there has been no change in the monetary policy focused on reducing inflation”, Kavcıoğlu said that the CBRT’s foreign exchange market has not changed. “that it can interfere with high volatility” explained.