USD/TL started the week with a sharp decline due to the BDDK decision

Following the closing of domestic markets on Friday, the Banking Regulation and Supervision Agency (BDDK) announced that restrictions were imposed on commercial loans. After the board published its decision to ensure that the loans requested from banks are used in accordance with the purpose, the USD/TRY exchange rate fell by 4% to 16.47. Yesterday, the BDDK published another announcement and made a new statement so that the markets could understand Friday's decision more clearly. The statement shared the details of the companies that will be exempt from the decision or will be subject to the decision. Following Friday's decline, the exchange rate started the new week with losses. The price fell by 4% in the first half of the day and tested the level of 16.03. This level was the lowest level seen after May 24. The transactions to be carried out by the companies with the effect of the new application taken later in the day will be closely monitored. If the decline in the dollar exchange rate due to the BDDK decision continues, 15.85 is monitored as the closest support, while if the price stops the decline after the initial effect, 16.40, which has been horizontal for a long time, is monitored as the closest balance point.