June 24 (SeeNews) - Turkey's central bank said on Monday it will hold only one intraday foreign exchange selling auction of minimum $150 million (114 million euro) on the days in which funding is provided from the policy rate.
The central bank will gradually shift the composition of the liquidity provided from net foreign assets to net domestic assets until the next monetary policy committee meeting, the bank said in a statement on its website.
On June 20, the central bank said it will set individually the amount to be sold at each intraday auction starting from June 20. A week before the bank said it will hold intraday foreign exchange auctions selling $50 million at each auction, when deemed necessary, in a bid to support the short term additional monetary tightening policy.
($ = 0.763 euro)