Foreign exchange market
Russia: Food and grain exports to be paid in rubles or national currency for “friendly countries”
As of April 1 “unfriendly countries” will have to pay for gas in rubles
Crisis-hit Turkey survives as an extension of China
Turkey is weathering the storm of a catastrophic currency crisis through tighter trade integration with China
Prices to ease after April, minister says
Inflation rates in Turkey could peak in April before falling to single digits by the June 2023 general election, Treasury and Finance Minister Nureddin Nebati told Nikkei Asia in an interview published on Feb. 3.
- Read more about Prices to ease after April, minister says
- Log in to post comments
The Euro has Weakened against the Dollar, Bitcoin at its Lowest Level in Six Months
The US dollar strengthened slightly against major currencies today as the Euro fell in Asian trade as stock markets were nervous of tensions in Ukraine and a possible more aggressive rise in the Federal Reserve's (Fed) reference rate this week.
Central Bank intervenes in ‘unhealthy’ FX pricing
The Turkish Central Bank intervened in foreign exchange markets for a third time this month on Dec. 10, citing "unhealthy price formations."
"The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates," said the bank.
- Read more about Central Bank intervenes in ‘unhealthy’ FX pricing
- Log in to post comments
Inflation will soon ease: Central Bank governor
The country will see the cumulative effects of its current monetary policy in the first half of the next year, Central Bank Governor Şahap Kavcıoğlu said on Dec. 2, adding that the soaring inflation will ease soon.
- Read more about Inflation will soon ease: Central Bank governor
- Log in to post comments
Central Bank intervenes in FX market
- Read more about Central Bank intervenes in FX market
- Log in to post comments
Central Bank decries 'unrealistic' price formations, detached from fundamentals
Commenting on volatility in the foreign exchange markets, Turkey's Central Bank on Nov. 24 decried "unhealthy" and "unrealistic" price formations in those markets, saying they are completely detached from economic fundamentals.
The Turkish Central Bank "implements a floating exchange rate regime and has no commitment to any exchange rate level," it said in a statement.
Turkish Lira continues its fall hitting new record low
The currency lost 3% against the US dollar
On the Day After Elections, Bulgaria will Draw a New Debt of Half a Billion Levs
The state will incur new debt. It is clear from the BNB website that a new half a billion lev debt will be offered to investors next Monday, this time on government securities with a maturity of 3.5 years.
Such an issue has not been used in the last few years, and the Ministry of Finance resorted to it after the 5-year and 10.5-year securities used this year became more expensive.