THERE IS NO STOPPING THE DOLLAR AND EURO

Fuelled by political and economic risk, the dollar broke through 3.78 and the euro 4 Turkish lira yesterday. The Central Bank, forced for some time under government pressure to follow a wait and see policy, had to take steps to cool the exchange rate fever. The Central Bank issued the statement, ‘The excessive volatility witnessed on markets is under close observation and the necessary measures wi

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Fuelled by political and economic risk, the dollar broke through 3.78 and the euro 4 Turkish lira yesterday. The Central Bank, forced for some time under government pressure to follow a wait and see policy, had to take steps to cool the exchange rate fever. The Central Bank issued the statement, ‘The excessive volatility witnessed on markets is under close observation and the necessary measures will be taken.’