Turkey Dollar Sales to State Energy Firm Hit Record in January
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The Turkish central bank’s foreign currency sales to state-run energy importer Botas hit a record, as foreign purchases of oil and gas widen the nation’s trade deficit.
The monetary authority sold $4.15 billion worth of foreign currencies to Botas in January, data published on Monday showed. That’s the highest monthly amount in figures going back to June 2013. Sales in the four months to January totaled $9.99 billion.