The foreign exchange markets were “floating” in the first day of the week. Internal and external developments pushed dollar up to 1 million 480 thousand TL. However, since the Central bank announced that it reduced the limit on the foreign currency purchase tenders to 40 million dollars, the value of dollar declined down to 1 million 440 thousand TL.
As a result of the fluctuations the closing rate at the Central bank for dollar was 1 million 458 thousand TL.
One of the factors affecting the value of dollar was that positive expectations in the markets regarding Turkey’s sending troops to Iraq ended. Moreover the markets also affected by the international markets because of the statements of John Show, U.S. Treasury Secretary, who said that the interest rates in U.S. might increase as a result of a growing economy and increasing company profits.