Turkey’s central bank will use all tools, In the context of market rules, effectively and decisively to maintain stability, commander Fatih Karahan was committed to bankers on Sunday, as announced by the Turkish Banks Association (TBB).

In a statement, TBB said that Karahan and TBB board members discussed its recent developments following the arrest of Constantinople’s mayor by the Court of Constantinople Ekrem Imoglou.

The Turkish pound, shares and bonds They suffered a great fall Since last Wednesday, when Imamoglou, the main political opponent of President Tayyip Erdogan, was detained.

It is noted that the Turkish Central Bank has already reinforced its “defense mechanism” to protect the Turkish pound last week to ensure that financial conditions remain “tight”.

Specifically, the central bank increased one day’s borrowing rate by 200 basis pointsto 46%, raising the average funding costs for banks.

At the same time, up to $ 9 billion were spent on the support of the pound, while the cheaper repos borrowing of a week for an indefinite period was suspended.

He also announced that he would proceed to Auction lines of 91 -day liquidity linesthe first such energy for almost two decades, with the aim of absorbing the redundancies in the pound.