Central Bank Governor: We Expect Exchange Rate Balancing

As you know, the last few months exchange It was moving for him. The dollar exchange rate also had its share, reaching the highest levels in history. Later, with the statements made by the government, a sharp decline was seen in the exchange rate.

central bank of the Turkish RepublicWe shared with you that . Now, an important statement has come from the President of the Central Bank about the exchange rates.

‘There will be no more volatility’

Central Bank President Şahap Kavcıoğlu met with the representatives of exporting unions after the regulations that made it mandatory to sell 25% of export revenues (dollar, euro and sterling) to the Central Bank. Kavcıoğlu made statements about the exchange rates at the moment when the dollar was trading at 13.84 TL. Kavcioglu; they expect a stabilization in the exchange rate, there will no longer be high volatility (volatility) and There will be no big losses in trading. expressed.

In addition, Kavcıoğlu also touched upon the problems experienced by exporters in accessing Eximbank and rediscount credits. Kavcıoğlu noted that resources will be poured into these areas and exporters will be relieved. In addition, according to exporters, Kavcıoğlu stated that there will be a stabilization in the exchange rate and that the TL will decrease. stable will somehow watch; therefore, he stated at the meeting that there should be no worries about exports. In addition, steps will be taken towards banks that are reluctant to lend to SMEs, and SMEs will be supported also included in the statements made by the president.