Turkey's central bank plans to increase its reserves

After the publication of data indicating a decrease in foreign exchange reserves, the bank announced its intention to increase reserves. It is reported that the volume of foreign exchange funds decreased by $6.3 billion and reached $28.5 billion, against this background, rumors arose that in this way the republic is trying to contain the fall of the Turkish lira.

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reserves are due to In addition, the Central Bank promised to closely monitor the situation in the financial markets, as well as apply all available monetary policy and liquidity management tools to maintain financial stability and reducing the rate of inflation.