tcmb decision, 2005-12-05
In the light of its prediction that the introduction of a new thre e-year economic program involving primarily fiscal and monetary discipline and structural reforms and the favorable developments in the process of negotiations aimed at full membership to the European Union will have a positive effect on both the reverse dollarization process and the bal ance of payments, the Central Bank announced that it will resume foreign excha nge buying auctions, which had been suspended for a period of time, effective from 22 December 2004.
Sentiment: neutral
Topic: mp_economic_activity