Turkey : Flash claim: Turkish public banks sold $ 800 million

The TL started with a decline in February and the US dollar exceeded 6 TL against the Turkish Lira.

Although low interest and inflation data came in the new year, the upward fluctuation in the exchange rate could not be prevented. The policies implemented by the Central Bank and the government to pressure the rate did not prevent the Dollar / TL from exceeding 6 lira.

On the other hand, it was stated that the tension that increased with the target of the Turkish civil war in the south and the Turkish soldiers in the region increased the fluctuation in TL.

According to a report by Bloomberg based on two different sources, sales of $ 800 million to prevent a rise in the dollar made public banks in Turkey.

TL ranked first in depreciationTL ranked first in depreciation