"The U.S. Dollar reached an all-time high at 1.9290 Turkish Liras while Turkey’s stock exchange plummeted more than 4 percent in the morning session after the U.S. Federal Reserve (FED) put forward a timetable for turning off the taps on its $85 billion-a-month bond-buying program.
After the announcement of the FED’s decision, today the dollar broke two records over a day by first climbing to 1.9205 liras and then to 1.9290 liras.
The exchange rate and the basket retreated from historically high levels as Turkey’s Central Bank announced it had opened two exchange sale tenders – the first worth $50 million and the second $75 million – adding that it might open a new intra-day tender if needed. "
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