Central Bank Gives Market 200 trillion Turkish lira with Three-day Repo Auction

Published February 12th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

Turkish Central Bank gave Monday 200 trillion Turkish lira (TL) to the market ($1=TL 681720) with a three-day repo auction on Monday. Sources said that the total bid had been 720.9 trillion TL while the bank met 200 trillion TL of those bids, Anatola Agency reported. 

According to the Turkish official news agency, the composite interest became 77.88 percent and the minimum simple interest rate became 56.41 percent in the auction – Albawaba.com

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