The Turkish lira gained value as the new central bank governor assumed the charge recently. The US dollar or Turkish lira exchange rate was down by around 4% versus Friday’s close.
Recently, Turkey dismissed Murat Uysal as central bank governor and replaced him with former Finance Minister Naci Agbal.
In a statement, Agbal stressed decisive use of all policy tools in pursuit of price stability objective.
The monetary policy communication will be strengthened in the framework of transparency, accountability and predictability principles, he said.
The USD or TRY exchange rate dropped to around 8.20 currently, from around 8.55 at Friday’s close. ♦
