In order to stabilize the foreign exchange markets, the Central Bank has initiated Turkish Lira settled forward foreign exchange transactions (NDF). The Central Bank of the Republic of Turkey announced the commencement of Turkish Lira Settled Forward Foreign Exchange Sales (NDF) operations on its social media account. This move came right after the fluctuations in the foreign exchange markets. The Central Bank’s action is seen as a critical intervention aimed at alleviating pressure on the exchange rate.