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ANKARA - Turkish Central Bank on Friday intervened in foreign exchange market by a ''direct sale'' aiming to calm extreme volatility.
Central Bank, in a written statement indicated that rate of foreign exchange was fixed according to supply and demand and noted that the Bank closely monitored the volatile situation.
The statement recalled that Central Bank earlier made public that it could directly intervene in case of extreme volatility.
CB had also intervened in foreign exchange market on June 13th, 2006.