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Wednesday, October 05, 2011

Turkey’s central bank plays hardball | beyondbrics | News and views on emerging markets from the Financial Times – FT.com

Turkey’s central bank plays hardball
October 5, 2011 7:00 pm by Daniel Dombey

Mehmet Simsek

The Turkish central bank is upping the stakes in its defence of the country’s currency, increasing the daily maximum of foreign currency it can sell to $1.35bn – more than it has sold for any day in five years.

More:Turkey’s central bank plays hardball | beyondbrics | News and views on emerging markets from the Financial Times – FT.com