"Turkey tries to suppress the lira’s rise
October 6, 2010 11:19am
by Delphine Strauss
Has Turkey entered the “international currency war”, as Brazil’s finance minister labelled the recent spate of central bank moves to limit currency appreciation?
This week Ankara’s central bank began a new procedure for FX purchases, in which it will continue buying a regular daily $40m, but will also buy a discretional extra amount that it will set at the start of each week."
More:Turkey tries to suppress the lira’s rise | beyondbrics | FT.com
