Turkey`s Central Bank loses $130 bn for 2 years

12:59 - 16.12.2020

December 16, Fineko/abc.az. Turkey's Central Bank has lost money for two years.

ABC.AZ reports that according to experts, the Central Bank of Turkey has lost about $130 bn of its foreign exchange reserves as a result of selling currency through state-owned banks for almost two years.

According to experts, the country's Central Bank needs to increase its foreign exchange reserves in the coming period.

Otherwise, the condition of the Turkish lira will not be satisfactory.

The Turkish lira has been falling in price for several years in a row.

By Elmir Murad

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