Turkey's Finance Ministry said on Tuesday it had mandated Goldman Sachs, HSBC and Morgan Stanley for a dollar-denominated eurobond issue maturing in 2031.
* Turkish banks rally over 2% * Rand, rouble, zloty all extend gains. * Global markets eye Biden transition. * Ivory Coast launches Eurobond sale. By Sruthi Shankar. U.S. dollar weakness lifted most emerging market currencies on Tuesday as investors looked to U.S. politics and progress on COVID-19 vaccines, but the Turkish lira came under renewed pressure.
INTERNATIONAL MONETARY FUND: * CAMBODIA RAISED GOLD HOLDINGS BY 2.987 TONNES TO 40.495 TONNES IN 2020 SEPTEMBER. * TURKEY RAISED GOLD HOLDINGS BY 7.457 TONNES TO 698.486 TONNES IN 2020 OCTOBER. * UNITED ARAB EMIRATES RAISED GOLD HOLDINGS BY 6.163 TONNES TO 46.387 TONNES IN 2020 OCTOBER.
A deputy governor of Turkey's central bank said on Monday that dollarisation in the country would decline, thanks to the bank's tight monetary policy stance, after a much anticipated rate hike last week.
A deputy governor of Turkey's central bank, Oguzhan Ozbas, said on Monday dollarisation will decline thanks to the newly tight monetary policy stance. The trend of Turks snapping up foreign currencies limits the effectiveness of the policy, Ozbas said, adding that Turkey overcame a similar trend in the past and will do it again.
Turkish central bank deputy governor Oguzhan Ozbas said on Monday that there is a quite strong possibility that Turkish economy will record positive GDP growth this year. Speaking at an event by Institute of International Finance Ozbas said recent coronavirus measures including closures of schools and restaurants will probably have limited impact on economic activity.
Turkish President Tayyip Erdogan and Saudi Arabia's King Salman bin Abdulaziz agreed in a phone call improve bilateral ties and solve outstanding disputes through dialogue, the Turkish presidency said early on Saturday.
Saudi Arabia's King Salman called Turkish President Tayyip Erdogan to coordinate efforts exerted within the work of the G20 summit, ahead of the summit which will take place on Nov. 21 and 22, state news agency SPA reported on Friday.
Turkey's President Tayyip Erdogan said on Friday the central bank's big rate hike a day earlier was bitter but necessary, and his newly-installed finance ministry pledged complementary policies that would help get inflation under control.
Turkey's central bank said on Friday that it raised the interest rate in the lira-for-forex swap market to 15% from 13.25%, a day after it hiked its main policy rate to the same level. The bank also hiked the interest in the lira for gold swap market to 15%.
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