The Central Bank of the Republic of Turkey announced that it intervened in the rise in foreign exchange by sharing a statement after the dollar rose to the level of 13.95 against TL. This was the third intervention of the CBRT in the last month.
The unpredictable increase in the exchange rate, which has been going on for weeks, caused the dollar to lean towards 14 TL against TL. With the increase in the exchange rate, Turkey’s purchasing power has decreased to a large extent, while the Central Bank of the Republic of Turkey has made a direct intervention in foreign currency for the first time since 2014 in the past weeks.
After the first intervention, the Central Bank announced that it had intervened again in the rise in foreign exchange by sharing a new statement exactly one week ago. In the past minutes, the dollar was against the TL. While it has risen to 13.90 Central Bank, by sharing a new statement, direct foreign currency he made his third intervention announced.
Central Bank’s statement:
The intervention had a short-term decline:
The dollar, which had seen 13.93 TL before the intervention of the CBRT, was withdrawn to 13.74 after the intervention. But the dollar is hovering above 13.86 at the moment.