Treasury and Finance Minister Şimşek: 'All necessary steps are being taken for the healthy functioning of the markets'
Treasury and Finance Minister Mehmet Şimşek commented on his social media account regarding Turkish Lira-settled forward foreign exchange transactions, stating that all necessary steps are being taken for the healthy functioning and efficiency of the markets.
12punto
The Central Bank of the Republic of Türkiye (TCMB) announced on its social media account that it has begun Turkish Lira-settled forward foreign exchange (NDF) transactions.
In this atmosphere, the step taken by the Central Bank is considered a critical intervention aimed at easing the pressure on the exchange rate.
Treasury and Finance Minister Mehmet Şimşek also shared a post on his social media account. Şimşek stated the following:
"All necessary steps are being taken for the healthy functioning and efficiency of the markets.
With TL-settled forward foreign exchange transactions, it is aimed to reduce volatility in the markets and increase predictability."