CENTRAL BANK FX SWAP DEPENDENCY FALLS SHARPLY
The central bank’s reliance on foreign exchange swaps has dropped sharply, marking a structural improvement in the quality of the bank’s international reserves.
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CONTROVERSY SURROUNDS CENTRAL BANK FX STRATEGY
Statements attributed to Central Bank Governor Fatih Karahan during IMF and World Bank meetings in Bangkok sparked debate over foreign exchange policy, prompting a direct denial from a top market economist who attended the session.
FX-PROTECTED DEPOSIT SCHEME ENDS
The Foreign Exchange-Protected Deposit scheme, known as KKM, has come to a complete end after total balances in the accounts dropped to zero, according to weekly data from the Banking Regulation and Supervision Agency (BDDK).
CENTRAL BANK SPENDS $23.5B IN TWO WEEKS TO DEFEND LIRA
The central bank spent approximately $23.5 billion in foreign exchange interventions during the first two weeks of the Iran war to defend the Turkish lira.