World Bulletin / News Desk
The Turkish Lira has strengthened against the US dollar on Wednesday. The lira currency rose to its strongest level in two weeks.
After the historic peak of the US dollar in January, Turkey's Central Bank began to pump millions of dollars into the market every day.
Lastly, the Central Bank injected $450 million into the market on Tuesday, while planning a repurchase auction for February 18.
The simple interest rate has been set at 10 percent, and the compound interest rate at 10.51 percent.
On January 28, the Central Bank more than doubled its borrowing rate from 3.5 percent to 8 percent, and raised the lending rate from 7.75 percent to 12 percent.
Last month, central government debt stock surged 19.5 pct year-on-year, reaching $209 billion, says Treasury
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Last month, inflation among EA19 countries rose to 2 percent, up 1.3 percent from same month last year, says Eurostat
BIST 100 climbs 0.10 pct, while Turkish lira gains value against foreign currencies
Nearly 8.5 million new passenger cars were registered in EU in first half of 2018, says manufacturers' association
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BIST 100 rises 0.08 pct; US dollar/Turkish lira exchange rate stands at 4.8420
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