There is no link between Turkey’s economic fundamentals and the recent price formations in foreign exchange markets – Central Bank
The value of the Turkish lira has recently plummeted more than 12 percent against major foreign currencies.
The Turkish banking sector is "very strong," and one of the most successful in the world, Central Bank governor Sahap Kavcioglu told a group of journalists after meeting with public and private banking officials and bank CEOs in Istanbul on Thursday. Kavcioglu’s remarks came amid fluctuating foreign exchange rates in the wake of interest rate cuts by the Central Bank.'Unrealistic' price formations
Commenting on volatility in the foreign exchange markets, Turkey’s Central Bank on Tuesday decried “unhealthy” and “unrealistic” price formations in those markets, saying they are completely detached from economic fundamentals.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spiced turkey, bourbon pecan pie and more: Thanksgiving recipes that will impress your guestsThe Times has published a lot of impressive Thanksgiving recipes that are worth checking out.
Read more »
Chefs share last-minute Thanksgiving tips and recipes for sides, turkey and dessertThanksgiving sides, a spatchcocked turkey and air fryer hand pies are a few creations from Jeff Mauro, Eden Grinshpan and Jamika Pessoa for Thanksiving.
Read more »
Turkey uncertainty leaves little appeal for investors, strategist saysThe unpredictability of Turkey's fiscal and monetary policy means investors should stay away for now, according to Ozan Ozkural, CEO of Tanto Capital Partners.
Read more »
Column: Let's talk turkey (not politics)Keep the peace and keep the family ties by setting aside the culture wars for a few special days of the year.
Read more »