Turkish central bank sold forex to energy importers, paid foreign debt

Turkish central bank sold forex to energy importers, paid foreign debt
Image Credit: Wikimedia Commons
  • Country:
  • Turkey

A recent fall in the Turkish central bank's foreign currency reserves stemmed from sales of forex to energy-importing firms and a foreign debt payment, worth $5.3 billion in total, a central bank official told Reuters on Friday.

The official said the fall in reserves was not extraordinary and that the bank maintained a policy of accumulating reserves.

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