Dollar/TL and Euro/TL Rates Cannot Be Stopped!

Dollar/TL and Euro/TL Rates Cannot Be Stopped! While fluctuations in financial markets are still continuing, dollar/TL and Euro/TL rates cannot be stopped! The dollar/TL and Euro/TL , which has continued its rise in the domestic market since the beginning of 2020, continued yesterday. Central Bank of the Republic of Turkey (CBRT) and the impact of the tightening steps taken by the economy was quite limited, while the Euro/TL reaffirms its highest level in history yesterday at 8.9815 level and nearly reached to 9 Turkish Lira. However, dynamism continues in dollar / TL. In USD / TL, surpassed 7.56 on Thursday and 7.57 yesterday. The highest level of USD / TL during the day was recorded as 7.5761. Borsa İstanbul, on the other hand, completed the day with a limited rise of 0.12 percent yesterday. In the Central Bank's September expectation survey, the year-end inflation forecast rose to 11.46 percent. In the previous survey period, the expectation was at the level of 10.82 percent.   Rise of the Penalties The Regulation amendment on Principles Regarding Exchange Activities on Borsa İstanbul was published by the Capital Markets Board Regulation in the Official Gazette dated September 18. According to the published regulation, people who are authorized to make transactions in Borsa Istanbul, making false and misleading advice on newspapers, TV and social media were included among the situations that require disciplinary punishment. With the new regulation, the lower limit of the disciplinary fine was raised from 5 thousand TL to 10 thousand TL, and the upper limit from 50 thousand TL to 5 million TL.