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Central Bank intervenes in foreign currency market

The Turkish Central Bank has intervened in the foreign currency market on Tuesday. The bank issued a press release that stated, due to the impact of the beginning of EU entry talks, the Central Bank has intervened in the foreign currency market to prevent excessive fluctuations and directly purchased foreign currency. ''The Central Bank will closely monitor fluctuations in foreign currencies and will intervene in the market to avoid excessive fluctuations,'' noted the Central Bank.

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