Page 42 - TURKRptAug20

State lenders used to buy deeply out-of-the-money call options to hide their net FX deficits. It is not known why they do not do so at the moment.
On July 9, the central bank held a closed-door investor meeting online but it did not create any curiosity among investors.
The authority released the presentation at the telecall on its website.
There was nothing new but only inured discourse of “reserves are sufficient” at the telecall, six unnamed participants identically told Reuters.
The central bank’s next scheduled investor meeting will be held on September 3.
42​ TURKEY Country Report​ August 2020 ​ ​www.intellinews.com