On Monday, the Turkish Privatization Authority (OIB) made the similar decision about the tenders in its competence. Earlier on Tuesday, Turkey’s Defense Industry Support Fund converted its cash assets into liras.
These decisions come after Turkish lira lost more than 11 percent to the US dollar. Last week, lira’s rate to dollar reached historical minimum of 3.54 lira per dollar. Turkish President Recep Tayyip Erdogan called on the nation to sell foreign currency in order to support lira.