Financial Stability Committee meets – Latest news
Treasury and Finance Minister Nureddin Nebati chaired a meeting of the Financial Stability Committee in Ankara on December 23.
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Turkish Central Bank Governor Åahap KavcÄ±oÄlu, Bank Regulatory and Supervisory Agency (BDDK) Director Mehmet Ali Akben and other senior officials attended the meeting.
“The need for coordination between relevant institutions and organizations to develop new tools to protect the value of the Turkish lira and boost savings was emphasized,” a ministry statement said.
All state institutions will strive to create stability within the framework of the “Turkish economic model” and provide sustainable growth in accordance with “transparent, predictable and determined policy measures,” he added.
Meanwhile, the pound gained ground yesterday in the recently announced parity rates against foreign currencies.
On December 22, the Central Bank began publishing daily exchange rates for exchange-protected sterling deposit accounts.
The US dollar / lira exchange rate yesterday was 11.64 for buying and 11.66 for selling, compared to 12.34 and 12.37, respectively. Euro rates were 13.18 and 13.21, compared to 13.91 and 13.94, respectively.