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The dynamism of exchange rates and the free market has become one of the main topics on the agenda. The Governor of the Central Bank, Naci Ağbal, was dismissed and Prof. Dr. Following the appointment of Şahap Kavcıoğlu, there is great dynamism in the markets. Last night, the dollar / TL rose to 8.47 and the euro / TL rose to 10.05 in the low volume market. How much do the dollar and the euro cost?
DOLLAR HOW MUCH TL?
EURO HOW MUCH TL?
WHY DID THE DOLLAR RISE?
The Dollar / TL first saw gold below 7.70 this morning and then rose above 7.95 again. In the afternoon, it first fell to 7.85 and then rose again to 7.95. Similarly, Euro / TL, which saw below 9.20, first rose above 9.50. Then it dropped to 9.39. It exceeded 9.52 towards the close of the market. The dollar closed last week at 7.2185 and the euro at 8.5949 liras.
Analysts of the Central Bank of the Republic of Turkey (CBRT) volatility in the markets that fit after the changes made in the Presidency have increased, investors must remain calm and the price informed in a short time to find a new level balance.
In the first statement made by the new CBRT chair, Şahap Kavcıoğlu, the emphasis on “determination in the fight against inflation” came to the fore. Noting that the CBRT will continue to use monetary policy tools effectively in line with its main objective of achieving a permanent decrease in inflation within the framework of the duties and powers determined by law, Kavcıoğlu said: “The meetings of the Committee on Monetary Policy will be carried out in accordance with the schedule previously announced to the public. “
Finance and Finance Minister Lütfi Elvan said today: “The macroeconomic policy framework that prioritizes the reduction of inflation that we apply will continue with determination until a permanent decrease in inflation is achieved.” used expressions. Noting that fiscal policies will continue to be implemented to support price stability in a way that complements monetary policy, Elvan said: “We attach great importance to the efficient and healthy functioning of markets. There will be no concessions from the free market mechanism, and the liberal exchange rate regime will continue with determination. The actions included in our reform package will further strengthen our structural foundations and increase our resistance to potential shocks. ” found the evaluation.
Analysts said they will follow the evolution of the Kovid-19 epidemic in global markets, the course of the bond market, the speeches that Fed Chairman Powell will make, and the data calendar that will intensify from tomorrow, and that statements from economic management and political developments will be monitored at the national level.
This week, the AK Party of the President of Turkey, Recep Tayyip Erdogan, 7. The large ordinary congress held according to the descriptions of the economic participation of the Minister of Treasury and Finance, Lutfi Elvan, will be the action program and the timetable for the package of reforms that the records would be in the focus of analyst investors, technical terms BIST 100 It stated that the level of 1,450 in the index is in a support position.
