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New action by the central Bank of Turkey to reduce exchange rate fluctuations

09-05-2019 | admin

The central bank of Turkey (CBI) has announced the indefinite suspension of repurchase operations for a week (Rebo) to reduce the volatility of the Turkish lira exchange rate.

In a statement on Thursday, the bank said that due to recent developments in the financial markets, the Bank's Monetary Policy Committee has decided to suspend repurchase for a week (Ribo) for a period of time to assess the situation.

Source: Dili Sabah