Experts in the banking sector reported that the weekly budget of the Turkish Central Bank will reveal the sale of foreign currencies worth an estimated 20 billion US dollars. Accordingly, the total volume of foreign currency sales since the beginning of the “war with Iran” will rise to approximately $45 billion.
According to Reuters, the calculations of four bankers, based on the preliminary data available for the first part of the week and their estimates for the remaining days, indicate that the central bank’s balance sheet will show the sale of foreign currencies worth between “18 and 21 billion dollars.”
Bloomberg, citing informed sources, reported that Turkey is working on preparing a broader set of financial tools with the aim of defending the Turkish lira in the face of the sharp fluctuations sparked by the “Iran War,” and this includes the possibility of using part of its large gold reserves.
