Turkish central bank takes measures to limit market impact of regional conflict
Turkish central bank takes measures to limit market impact of regional conflict/node/2634951/middle-east
Turkish central bank takes measures to limit market impact of regional conflict
People stand next to a currency exchange board showing the Turkish Lira which fell to historic lows against the dollar, a day after the arrest of Istanbul's Mayor Ekrem Imamoglu in Istanbul, Turkey on March 20, 2025. (AFP)
Turkish central bank takes measures to limit market impact of regional conflict
The central bank said measures were taken following recent developments and to ensure the sound functioning of the foreign exchange market while preventing possible volatilities in exchange rates and stabilize foreign exchange liquidity
Updated 02 March 2026
Reuters
ISTANBUL: The Turkish central bank said on Sunday it decided to suspend one-week repo auctions and start lira-settled foreign exchange forward selling transactions amid the regional conflict’s impact on markets.
In a statement, the central bank said measures were taken following recent developments and to ensure the sound functioning of the foreign exchange market while preventing possible volatilities in exchange rates and stabilize foreign exchange liquidity.
Turkiye’s trade minister says day-trip crossings halted at Iranian border
Updated 11 sec ago
ISTANBUL: Turkiye’s trade minister said on Monday that day-trip passenger crossings at three Turkish customs gates at the Iranian border have been mutually suspended but Turkiye is allowing its own citizens and third-country nationals to enter from Iran. Minister Omer Bolat said in a statement on X that Iran was permitting its own citizens to enter Iran via Turkiye, adding that commercial cargo transits at all three gates continued under controlled conditions. “All our units continue to perform their duties on high alert to ensure the uninterrupted continuation of Turkiye’s border crossing services and trade flows,” Bolat said.
