The Central Bank (BDL) started an operation in June – still ongoing – to replenish foreign currency reserves lost since the beginning of the year. The operation yielded $2.3 billion in June, according to a Bank Audi newsletter. It has surpassed the $3 billion mark since its debut, according to a banking source.
The operation involves getting banks to make simultaneous deposits at BDL in lira at one percent above market rates locked for at least seven years, and in U.S. dollar at one perc...
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