Turkey’s central bank sells foreign reserves to stem lira crash (Onur Ant and Selcan Hacaoglu, Bloomberg, Al Jazeera)

December 1, 2021

Turkey’s central bank fought to shore up the plunging lira, directly intervening in foreign-exchange markets for the first time in seven years.

The central bank sold foreign currencies, including the U.S. dollar, to combat “unhealthy price formations” in the market, according to a statement, which didn’t provide specific figures. People familiar with the matter put the sales at around $1 billion.

Turkey’s central bank sells foreign reserves to stem lira crash | Business and Economy News | Al Jazeera

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

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