Turkish Central Bank: max $3.9bn of lira reserves may be held in forex

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Turkish Central Bank: max $3.9bn of lira reserves may be held in forex

ISTANBUL: The Turkish central bank said on Monday a maximum $3.9 billion of lira reserves may be held in forex during th

Syed Murtaza Gheblehzadeh 12 Sep, 2011

The bank said an amount of $685 million should be held for gold deposits from Oct 14.

The bank also said the amount announced for the daily forex selling auction would be the maximum volume and the bank could opt to sell less than the amount announced.

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