ANKARA, Nov 24 (Reuters) – Officers from the Turkish Central Financial institution, Turkey’s BDDK banking watchdog and the board of Turkey’s banking affiliation will meet on Thursday to debate current developments within the financial system, a banking supply informed Reuters on Wednesday, amid a meltdown within the lira foreign money.
The lira hit all-time lows in opposition to the greenback in 11 consecutive classes earlier than Wednesday and has misplaced as a lot as 45% of its worth this yr, with round half of these losses coming because the begin of final week.
It recovered as a lot as 7% on Wednesday, however volatility and steep costs nonetheless nervous shoppers and buyers. read more
The supply, talking on situation of anonymity, added that the officers would meet within the afternoon to debate financial developments, with out elaborating.
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Reporting by Ebru Tuncay; Writing by Tuvan Gumrukcu; Enhancing by Chizu Nomiyama
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