FX & CFD trading involves significant risk
"The Central Bank will provide banks with needed liquidity without limits," the CB said on its website. "The commission rate for the Intraday Liquidity Facility will be zero. "The CB said that banks would be allowed to place foreign exchange deposit as collateral without limits for needed Turkish lira liquidity. The move came after the dollar rose against the lira to its highest level in recent months on Friday night after the attempted coup, with the dollar reaching 3.05 Turkish liras, an increase of 5 percent. The bank emphasized that all measures would be taken to ensure financial stability "if deemed necessary.""Market depth and prices will be closely monitored," the bank said. The Central Bank added that it would increase the daily foreign exchange auction from the current $50 million if needed.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.