Foreign exchange market
The Turkish Central Bank's total reserves rose by $944 million to hit $120.1 billion last week, for the first time since November 2016.
According to weekly money and bank statistics published by the bank, the gross foreign exchange reserves increased by $1.6 billion to $79.6 billion on Sept. 10, from $78.5 billion on Sept. 3.
Prime Minister Florin Citu stated on Wednesday evening that in order to have a stable national currency, "you need a stable government". Asked at the private TV broadcaster Digi 24 when the euro will reach a 5 RON exchange rate, he answered: "I want to remind you that last year they said it will be 5 RON, but it was not.
The national currency has depreciated on Thursday compared to the euro, continuing, practically, its descending trend started last week, the internal political situation having no influence on the exchange rate, believes Adrian Codirlasu, deputy chair of the CFA Romania Association. "The course depreciated a little. Practically it continued the depreciation trend started last week.
A new scam at the seaside. In an exchange office in the resort of Sunny Beach foreign currencies were exchanged with old Bulgarian banknotes.
The incident took place on the morning of August 16 on the central alley in the resort. At a street exchange, a Moldovan received for the amount of 150 euros its equivalent in Bulgarian levs - 300 levs (BGN), but an old issue of banknotes.
Russia has converted its dollar reserve into euros, Chinese yuan and gold
Turkish stock exchange markets' transaction volume increased by 2.5 times to hit a record 5.2 trillion Turkish Liras (around $700 billion) in the first quarter of 2020.
The main reason behind the sharp increase in the volume registered in the first quarter was the transactions carried out by local investors, said a report by the Turkish Capital Markets Association (TSPB).
Turkey's stock market saw a transaction volume of 5.18 trillion Turkish liras (around $700 billion) in the first quarter of this year, according to fresh data revealed by the Turkish Capital Markets Association (TCMA).
According to the association's figures on July 24, the trading volume increased by 2.5 times year-on-year in the January-March period.