Lira getting Stronger - Why?

[yabanci]

When I asked in TEB bank yesterday they said they are open on Monday,Nichola.
4.05 at the Dikmen change office in Fethiye this morning.

[nichola]

Thanks - that will be the same for all of the banks then and I think they close at lunch time on Thursday   

[yabanci]

Yes,half day on Thursday.

[Hamlet]

When I asked in TEB bank yesterday they said they are open on Monday,Nichola.
4.05 at the Dikmen change office in Fethiye this morning.

Oops! I stand corrected, shouldn't listen to rumour or just one party!  

[Colwyn]

I have been rather surprised that the lira hasn't suffered more with Turkey being governmentless - or in the hands of RTE. But today is is dropping again. The $ is over 2.7 and the £ bouncing about around 4.25.

[usedbustickets]

According to the financial press Colwyn, the fall in the lira today and yesterday is a result of concerns in the security situation here.  In particular the recent suicide bombing and whether Pres. Reg crosses into Syria to push back the Kurds or not.

[Colwyn]

whether Pres. Reg crosses into Syria to push back the Kurds or not.

I suppose a bomber in the eastern town of Suruc might cause some doubt. Rather more caused by a pro-ISIS demonstration in Istanbul which was allowed to take place unchallenged by police but when protests against this were held in Istanbul and Ankara out came the teargas and water canons again. However, an incursion into Syria to fight the most effective force taking on ISIS would be far more major and have incalculable consequences for relations between Turkey and the USA, EU and NATO. I mean that literally: I tried to figure out what the consequences might be and couldn't come up with any clear answer.

[yabanci]

AS expected no change in Central Bank's interest rates this month.

Nor again this month,the 5th month in a row the Central Bank has left interest rates as they were.

[Colwyn]

Yabanci, here is a succinct statement of the issues. Please do not ask me what the bloody hell this expert is talking about - except it is not good news for the lira in the foreseeable future.  “We find the central bank of Turkey somewhat smoothening its dovish stance,” said Ozlem Derici, chief economist at Deniz Invest in Istanbul. “We do not expect a material ease in liquidity conditions as volatility in exchange rate is unlikely to abate amid political uncertainties and emerged geopolitical risks.” (Wall Street Journal, today).
http://www.wsj.com/articles/turkey-holds-rates-steady-as-political-risks-pressure-lira-1437655193

[yabanci]

“We find the central bank of Turkey somewhat smoothening its dovish stance,”

Does that mean the same as leaving interest rates the same for the 5th month in a row?