Turkey’s Central Bank attempts to save national currency
YEREVAN, JANUARY 10, ARMENPRESS. Taking into account the drastic depreciation of the Turkish lira, the Central Bank of Turkey has decided to involve an additional 1.5 billion USD, CNN Turk reports.
According to the Central Bank’s decision, from January 11, 2017 the limit of loans of the banks will be decreased until 22 billion Turkish liras.
The lira-Euro exchange rate reached a record low in the morning of January 10: 1 Euro was worth 4 Turkish liras. The dollar exchange rate also grew, reaching 3.97 liras for 1 USD.
After the Central Bank’s decision the USD exchange rate for the lira decreased, reaching 3.74, and 3.96 for Euro.