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Monday, December 26, 2011

Turkish Central Bank Says Daily Sales Will Be $50 Million - Bloomberg

Turkish Central Bank Says Daily Sales Will Be $50 Million

By Steve Bryant and Selcuk Gokoluk - Dec 26, 2011 3:50 AM ET

Turkey’s central bank said it plans to sell $50 million a day in daily dollar sale auctions unless there are “exceptional” circumstances, sparking speculation that this year’s second worst performing currency may sink.

More:Turkish Central Bank Says Daily Sales Will Be $50 Million - Bloomberg