tcmb decision, 2005-12-05
That is why the Central Bank, which fol lows a moderate reserve-raising strategy, makes foreign exchange purc hases via auctions, whose terms are announced in advance, in order to affect the supply and demand conditions in the foreign exchange market and thus the level of exchange rate at a minimum level and to abide by the basic principle s and functions of a floating exchange rate regime.
Sentiment: neutral
Topic: mp_exchange_rate