Turkey’s Central Bank sells foreign currency to support Turkish lira
13 oC
13 oC
Güneşli
13 oC
Güneşli
The intervention comes after the US dollar peaks at 14.00 against the Turkish lira.
“The Central Bank of the Republic of Turkey directly intervenes in the market via selling transactions due to unhealthy price formations in exchange rates,” the bank said in a statement. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
The Turkish Statistical Institute announced on Friday that Türkiye's total turnover index, encompassing the industry, construction, trade, and services sectors, recorded a significant annual increase of 41.5% in May 2025.
Türkiye’s industrial production rose by a robust 4.9% year-on-year in May 2025, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday, underscoring the sector’s resilience amid global economic challenges.
Türkiye’s construction sector continued to experience significant cost pressures in May 2025, with the Construction Cost Index (CCI) rising by 22.40% year-on-year, according to data released by the Turkish Statistical Institute (TurkStat).
Türkiye’s Ministry of Trade has slapped four major milk companies with fines totaling 58.3 million Turkish lira for unfair commercial practices targeting small-scale milk producers and suppliers, the ministry announced on Tuesday.
