Turkish Central Bank Wields ‘Big Stick’ On the Lira as Reserves Dwindle
By Steve Bryant and Selcuk Gokoluk - Oct 6, 2011 10:55 AM GMT+0200
Turkey’s central bank offered to sell a record amount of dollars for the second consecutive day, depleting reserves in an attempt to stem the lira’s slide.
More:Turkish Central Bank Wields ‘Big Stick’ On the Lira as Reserves Dwindle - Bloomberg