Markets

Turkish central bank opens forex-selling auction, volume $50mn

Published July 16, 2013 Updated July 16, 2013 12:59pm

1 min

By Muhammad Iqbal

Add BRecorder as a trusted
source on Google

ISTANBUL: The Turkish central bank opened a forex-selling auction on Tuesday with a volume of $50 million as part of moves to support the lira currency against the dollar.

The central bank has sold $6.35 billion this year at forex auctions, stepping up the sales in recent weeks to try to support the local currency.

Read Comments