Turkey: The Central Bank of Turkey designs a mechanism to mitigate FX volatility
Published on Tuesday, November 14, 2017 | Updated on Tuesday, November 14, 2017
Turkey: The Central Bank of Turkey designs a mechanism to mitigate FX volatility
The CBRT announced yesterday they will start to auction foreign exchange (FX) hedging instruments to enhance tools to manage corporates’ currency risk. We elaborate the main goal of the new tool as to reduce the Turkish lira volatility by both enhancing liquidity and increasing financial depth in the currency market.
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Turkey-The-Central-Bank-of-Turkey-designs-a-mechanism-to-mitigate-FX-volatility English November 14, 2017
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