Turkey’s central bank intervened heavily in foreign exchange markets on Monday, with traders estimating dollar sales reached $7–8 billion. The intervention came as oil prices surged and risk appetite weakened following U.S.-Israeli strikes on Iran and Tehran’s retaliation. Overnight rates climbed to 40% as the Central Bank of the Republic of Türkiye (CBRT) tightened liquidity … Continue reading Reuters: Turkish Central Bank FX Sales Reach $8 Billion as Markets Reel from Iran War