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Turkish Central Bank opens max $70mn forex-selling auction

ISTANBUL : The Turkish Central Bank opened a forex-selling auction on Monday with a maximum volume of $70 million, bank
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By Syed Murtaza Gheblehzadeh
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turkey-central-bankISTANBUL: The Turkish Central Bank opened a forex-selling auction on Monday with a maximum volume of $70 million, bank data showed.

The bank changed the method of forex-selling auctions on Sept. 12, making the amount announced for the daily forex selling auction the maximum volume and the bank could opt to sell less than the amount announced.

Banks will submit offers between 1040-1100 GMT and the results will subsequently be published on the page.

 

Copyright Reuters, 2011

 

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