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| | Turkey Letter of Intent, January 30, 2001 |
 | | Moreover, in light of the large margin of NDA with respect to its ceiling that is expected to be registered at end-January, we have revised downwards the NDA ceiling for the dates following January 31, so as to increase the predictability of monetary policy (Annex A). |
 | | As of September 30, 2000, net foreign assets of the CBT amounted to TL 6,776 trillion. |
 | | The net forward position is defined as the difference between the face value of foreign currency-denominated central bank off-balance sheet (forwards, swaps, options, and any future contracts) claims on nonresidents and foreign currency obligations to both residents and nonresidents. |
| www.imf.org /external/NP/LOI/2001/tur/01 (1509 words) |
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