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Goldman Sachs, Turkey’s foreign exchange intervention this year at 101 billion estimated he spent dollars.
According to the bank statement released today, the intervention in September was $ 6.4 billion.
The bank has estimated that an expenditure of 11.8 billion dollars was spent for August.
According to the BBC’s Turkish report The information note sent today by the bank to its customers states that “Although spending in September has decreased compared to August, it is a high ratio compared to the amount of the remaining reserve”.
Turkey does not explain that the data used for the Central Bank’s foreign exchange reserves to intervene.
Goldman Sachs calculates this data from the difference between expected and actual net foreign exchange reserves, but says these are not definitive results.
The euro today has exceeded 10 lire
The dollar started the new day at 8.44 and the euro at 9.91 lire. In the morning hours, the dollar / TL rose to 8.47 and the euro / TL rose to 9.99.
In the afternoon, although the dollar fell to 8.44, the euro rose above 10 lire. The euro is currently hovering around 9.95.
The depreciation of the Turkish lira against the dollar since the beginning of the year reached 42% 
The dollar has lost 3.5% year to date against the six major currencies (euro, yen, pound, Canadian dollar, Swedish krona and Swiss franc). TL, on the other hand, depreciated by 42% against the US dollar against foreign currencies.
– Mahfi Eğilmez (@mahfiegilmez) November 5, 2020
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