Bloomberg News

Turkish Central Bank Offers $70 Million in Auction, Lira Slides

October 17, 2011

Oct. 17 (Bloomberg) -- Turkey’s central bank offered $70 million for liras in an auction today, less than some investors expected. The lira fell.

The lira lost 0.2 percent to 1.8358 per dollar at 11:01 a.m. in Istanbul, extending earlier declines.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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