Central Bank of Turkey has begun currency interventions to stabilize Lyra

Turkish Central Bank announced new direct currency interventions in the conditions of falling the course of the Turkish Lira, which again approached the historical minimum, writes “Prime”.

“due to unhealthy pricing, which is observed in respect of currency rates, direct interference is made on the sale of currency in the market,” the regulator said.

Currency trading on Friday began with a mark of 13.78 liters for $ 1, then this figure was 13.93. Experts associate the next fall of the Lyra with the expected revenge on the days of a new reduction in the accounting rate of the Turkish Central Bank.

These are third currency interventions that Turkey’s Central Bank reported over the past two weeks. Immediately after the statement, Lira strengthened to $ 13.8.

Since the beginning of this year, the Turkish currency has been devalued by 70%, which has become one of the largest falls of the cost of Natsvalets in recent years. In January, $ 1 was given about 7.3 lyters.