The Central Bank of Turkey used $44.3 billion in foreign exchange reserves to stabilize the exchange rate.
Recently, Hakan Kara, former chief economist of the Central Bank of Turkey, stated that according to calculations based on the balance sheet of the Central Bank of Turkey, a total of 44.3 billion US dollars of foreign exchange reserves have been used to stabilize the lira exchange rate since the outbreak of the conflict between the United States and Iran, as of March 30th.
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