Global Statistics

All countries
94,688,646
Confirmed
Updated on January 16, 2021 7:44 pm
All countries
67,376,329
Recovered
Updated on January 16, 2021 7:44 pm
All countries
2,025,231
Deaths
Updated on January 16, 2021 7:44 pm

COVID-19 Global Statistics

All countries
94,688,646
Confirmed
Updated on January 16, 2021 7:44 pm
All countries
67,376,329
Recovered
Updated on January 16, 2021 7:44 pm
All countries
2,025,231
Deaths
Updated on January 16, 2021 7:44 pm

Support Corruption-Free

Supporting Corruption-Free isn’t a transaction for an online service. Our Community is for people like you who care about a common good: ensuring that balanced, independent coverage of Nigeria and the world continues to be available to millions across the world, for free.

Turkish Central Bank Halves Open Market Liquidity Limits

Report: Former US President Plans to Flee the White House early

In the wake of yesterday's shocking riots and after finally admitting defeat in November's presidential election, Donald Trump - along with wife...

Larry King, hospitalized with COVID, moved out of ICU

LOS ANGELES — Veteran talk show host Larry King, suffering from COVID-19, has been moved out of the intensive care unit at...

America’s Fate To Be Decided in Two Days

Civil war or the will of the people? The events on two days in the next two weeks will...

‘Amen and Awoman’: Democrat Lawmaker Delivers Very Unusual Opening Prayer for 117th Congress

Rep. Emanuel Cleaver (D-Mo.) — an ordained Methodist minister — opened the first session of the 117th U.S. Congress on Sunday by...

New Year Party! New Zealand farewells 2020, welcomes 2021

Kiwis around the country are partying to farewell 2020 and welcome in the new year. Thousands of people are...

Liquidity limits offered to primary dealers as part of open market operations are to be cut to half of the current limits, the Central Bank of the Republic of Turkey (CBRT) announced Friday.

CBRT President Murat Uysal, Regulation and Supervision Agency (BDDK) Chairman Mehmet Ali Akben and general managers of banks came together after the excessive market volatility amid high fluctuations in the exchange rates.

According to the information obtained from sources, Uysal stated that regulatory institutions and banks successfully overcame the epidemic period and the economy was funneled with low-cost liquidity through rapid credit expansion. He added that some normalization steps should be taken in order to protect internal and external balances at the current point.

CBRT announced after the meeting that liquidity limits offered to primary dealers as part of open market operations will be cut to half of their current limits.

The new limits will be effective as of Aug. 10, the bank said in a statement.

Tightening liquidity conditions with the move aim to back the Turkish lira after it recently lost ground to other currencies.

Around 6 p.m. local time (3 p.m. GMT) on Thursday, the dollar/lira exchange rate hit an all-time high of over 7.30.

On Thursday, the bank said in a written statement that fiscal and monetary policies had been successful in containing the effects of the coronavirus pandemic on the economy and maintaining the productive capacity in Turkey.

The bank’s remarks came after the euro and the U.S. dollar on Thursday hit all-time highs against the Turkish lira.

That weak dollar, strong euro trend is set to continue into next year, a Reuters poll showed, on expectations the U.S. economic recovery is flagging, especially compared with Europe.

The euro is also at its strongest point against the dollar in almost two years. It was up to 1.87 against the greenback at 12:40 p.m. local time, up from 1.19.

Turkey’s benchmark stock index was also down 3.49% at 1,054 points. It had opened at 1,090.61 points.

At Wednesday’s close, Borsa Istanbul’s BIST 100 index rose 0.43% to 1,091.80 points.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Report: Former US President Plans to Flee the White House early

In the wake of yesterday's shocking riots and after finally admitting defeat in November's presidential election, Donald Trump - along with wife...

Larry King, hospitalized with COVID, moved out of ICU

LOS ANGELES — Veteran talk show host Larry King, suffering from COVID-19, has been moved out of the intensive care unit at...

America’s Fate To Be Decided in Two Days

Civil war or the will of the people? The events on two days in the next two weeks will...

Related Articles

Report: Former US President Plans to Flee the White House early

In the wake of yesterday's shocking riots and after finally admitting defeat in November's presidential election, Donald Trump - along with wife...

Larry King, hospitalized with COVID, moved out of ICU

LOS ANGELES — Veteran talk show host Larry King, suffering from COVID-19, has been moved out of the intensive care unit at...

America’s Fate To Be Decided in Two Days

Civil war or the will of the people? The events on two days in the next two weeks will...