World Bulletin / News Desk
Turkish Central Bank on Saturday said it has decided to launch Turkish lira-settled forward foreign exchange sale auctions.
“The maximum total amount of foreign exchange sale position is planned to be $3 billion until end-2017," the bank noted in a statement.
The auction calendar was given on the website of the central bank and the calendar of 2018 will be announced later.
The move came after the U.S. dollar/Turkish lira exchange rate saw a sharp hike last month -- around 3.87 liras -- on Saturday.
The dollar was up versus the yen but down against the euro and pound, with all eyes on US President Donald Trump's summit with Russian counterpart Vladimir Putin in Helsinki.
Tax revenues totals nearly $72.1 billion while interest payments amounts to over $8.2 billion in January-June period
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Country's egg, chicken, turkey, and meat production climbed in May on yearly basis, says official data
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Saudi Arabia intends to invest as much as $10 billion in South Africa’s economy, with a focus on energy projects
Share of young people in Turkey age 15-24 who are not in employment, education, or training down 4.5 pct in Q1 year-on-year
Treasury and Finance Minister Berat Albayrak says effective Central Bank is among main policy targets of new era
The European Commission, the EU's executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower than the 2.3 percent forecast just weeks ago in early May.
Country's central government research and development expenditures rise by 17.5 percent year-on-year in 2017
The IEA welcomed in its July report last month's agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order to bring prices down from multi-year highs.
In its monthly report, the Organization of the Petroleum Exporting Countries said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude.
12-month rolling deficit stands at $57.6 billion, Turkish central bank says
BIST 100 slips over 1.03 points, while USD/TRY exchange rate at 4.7260
Housing prices up 4.5 pct in Q4 2017 compared to previous year, says Eurostat