Foreign exchange market

Economic activities take place in multiple countries that are interconnected worldwide. This is what is referred to as global economy.

Turkish corporations have reduced their direct exposure to foreign exchange risks in the past few years, Fitch Ratings said in a statement on June 16. 

The Turkish Central Bank has been using the legal authority given to it by laws to keep the foreign exchange markets under control and protect the value of the Turkish Lira, Treasury and Finance Minister Lütfi Elvan said on April 19.

"The Central Bank has been using the inflation targeting regime since 2006," Elvan said in an interview with news channel NTV.

The Turkish Central Bank has prioritized financial stability and protecting the national economy during the COVID-19 pandemic and conducted foreign exchange transactions transparently during this period, Governor Şahap Kavcıoğlu said on April 16.

The National Bank of Romania (BNR) notes that the public interest in virtual currencies (also called crypto-assets) is on a steady upward trend and cautions that, in its opinion, these remain highly volatile and extremely risky speculative assets that are highly likely to cause financial loss to the investors, BNR said in a statement on Thursday.

JP Morgan expects a new Greek entry into the markets in the coming weeks, either through the issuance of a new reference bond (5-7 years) or through the opening of bid books for existing securities (10 years), proposing a partial profit in view of the new offer of securities.

The International Monetary Fund is considering a plan to create as much as $650 billion in additional reserve assets to help developing economies cope with the pandemic, with an eye on finalising a decision next month, according to sources.

The deposits of non-government resident customers were 1.3 percent up this February from the previous month, to RON 427.789 billion; compared to the year-ago period, the advance is 16.4 percent (12.8 percent in real terms), the National Bank of Romania (BNR) informs in a release on Tuesday.

Ljubljana – Finance, the business paper, argues in Monday’s commentary that a monetary revolution is under way globally, as evident from recent events surrounding cryptocurrencies.

With the stabilization of capital inflows and reversal of dollarization trend in deposit/participation funds, the Turkish Central Bank will increase its reserves through auctions, the governor said on Feb. 9. 

"When the conditions are mature enough, we will share our plan for this with the public in an open and transparent manner," Naci Ağbal told a meeting with economists.