After Mehmet Şimşek became the head of the economy management, the most critical appointment was made and Hafize Gaye Erkan was appointed as the head of the Central Bank, the boss of money. The Central Bank reserve, which is Erkan’s most critical work, and the measures he will take against the rising trend in the dollar rate. Just before Erkan’s appointment, it was noteworthy that especially public banks were on the side of selling dollars in the market again. However, it was not overlooked that the interventions to the dollar on the first day when Erkan was at work were very small. Thus, it started the first day by testing 23.7625 TL, the highest level in the history of the dollar/TL rate. With a slight pullback that followed, the free market dollar rate is trading just below 23.65 TL as of 10.57.
The Euro rate, on the other hand, is trading at the level of 25.4955 TL with an increase of 1.34 percent against the TL.
While the dollar rate in the Grand Bazaar is in the range of 23.67-23.68, the quotations are seen above 24.40 TL at the bank counters.
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