Turkey's Central Bank Engages in Significant Forex Transactions Amid Regional Tensions

Turkey's central bank has been actively involved in foreign exchange transactions following the outbreak of conflict in Iran. According to Jin10, traders have reported that the bank has sold $23 billion in foreign exchange since the onset of the war. Today, it has made additional purchases amounting to $2 billion to $3 billion. This activity reflects the bank's strategic response to regional instability and its potential impact on Turkey's economy.