Turkish central bank bought 1.8 billion lira in bonds, sukuk

Kitco Media
By Reuters
Published:
Updated:
Reuters
ANKARA, Feb 16 (Reuters) - Turkey's central bank bought 1.8 billion lira ($95.51 million) worth of government bonds and sukuk via the quotation method on Thursday, central bank data from Refinitiv Eikon showed. It follows the central bank's buying of 4.1 billion lira worth of government bonds and sukuk via the quotation method on Wednesday. The central bank earlier said it would buy up to 8 billion lira in government bonds and sukuk, a move bankers said was aimed at balancing government bond sales by pension funds who must meet new regulations on the allocation of stocks in the government-sponsored part of the funds. ($1 = 18.8467 liras) (Reporting by Nevzat Devranoglu; Writing by Huseyin Hayatsever; Editing by Parisa Hafezi and Alison Williams)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.