Turkey central bank sold $16.1 billion to state-run firms in four months

Turkey’s central bank sold $16.1 billion of foreign exchange to state economic enterprises in the first four months of this year, including $3.3 billion in April, the Dünya newspaper reported on Wednesday.

The bank’s sales, including to natural gas importer Botaş, have totalled $21.9 billion since October, Dünya said citing central bank figures. It sold a record monthly $5.37 billion in February.

Turkey is seeking to reduce demand for foreign currency during a slump in the lira. The lira lost 44 percent of its value against the dollar in 2021 and has fallen by a further 13 percent this year.

The central bank started selling foreign currency to SEEs in December 2014. It did not sell foreign currency in this category in January to May and July to September 2021, Dünya said.

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