Press Release on Foreign Exchange Auctions - 10/04/2015, (2015-25)

No:2015-25

10 April 2015

Press Release on Foreign Exchange Auctions

The wording “up to 50 percent above” stated in CBRT’s Press Release of 27 February 2015 is changed to “up to USD 30 million above” starting from 10 April, 2015.

In this context,

The amount of foreign exchange selling auctions will be set on a daily basis depending on the conditions in the foreign exchange market.

1)    The minimum amount of the auction for the following day will be announced by CBT at 17.20 through Reuters CBTQ, Bloomberg CBT/ Foreign Exchange Auctions and Anadolu Agency DV007 pages.  

2)    On days when deemed necessary due to excessive volatility, the FX selling auction amount may be increased by up to USD 30 million above the pre-announced minimum amount. The auction amount will be announced as usual at 16.30 local time on the same pages.

Contact:

For further information, please contact Press Secretary Yücel Yazar 
Tel No: +90 312 507 5656