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Turkey's c-bank, Treasury to meet forex needs of state-owned energy importers

Dec 16, 2014, 4:32:57 PMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 16 (SeeNews) – The Central Bank of the Republic of Turkey and the Undersecretariat of Treasury will meet the foreign exchange needs of state-owned energy importing enterprises with effect from December 17, the central bank said on Tuesday.

Turkey's c-bank, Treasury to meet forex needs of state-owned energy importers

The bank made the announcement in a statement on its website.

The Turkish lira fell to record low levels against the U.S. dollar to 2.41 lira per dollar on Tuesday, local media reported. After the central bank’s announcement on foreign exchange liquidity, the lira recovered to around 2.37, news agency Anadolu Ajansi said.

(1 euro = 2.9557 Turkish lira)

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