What is the exchange rate between the dollar and euro in Turkish Lira? What was the latest dollar rate? The current situation in the forex rates in the interbank market…

Following the interest rate decision of the Central Bank of Turkey (CBRT), the foreign exchange rates recorded a slight decline. The USD/TRY was trading around 34.11 after the decision. The EUR/TRY also dropped to 37 levels. The Central Bank kept the policy rate unchanged at 50% in line with expectations, for the seventh consecutive month.

The messages regarding inflation from the CBRT drew attention. The bank noted a rising trend in inflation and increased uncertainties about the pace of improvement. Economists stated that no clear clue to an interest rate cut could be inferred from the Monetary Policy Committee’s text.

It was announced that a share of 750 liras will be taken from credit cards with a limit of 100 thousand liras or more. According to a statement from AK Party sources, the regulation on contributions from credit cards to the defense industry fund has been cancelled.

Foreign residents sold shares worth 125 million dollars in the week of October 11th. Thus, foreign share sales exceeded 400 million dollars in two weeks. Foreign investors turned to buying bonds. Net purchases of domestic government bonds (DİBS) were 200.5 million dollars in the same week.

The Central Bank reserves approached a record level with 157 billion 386 million dollars. Net reserves increased for the fifth consecutive week. Excluding swaps, net reserves rose from 34.6 billion dollars to 37.2 billion dollars in the same week.

Minister of Treasury and Finance, Mehmet Şimşek, stated that a global artificial intelligence revolution is currently taking place. Şimşek said, “Every aspect of our lives will be affected by this. Therefore, we cannot miss out on this revolution.”