Turkish Airlines refuses to sell tickets in euro (UPDATE)
Details added (first version posted on 16:47)
Baku, Azerbaijan, May 26
By Rufiz Hafizoglu - Trend:
The Turkish Airlines refused to sell tickets on its flights in euro, the Milliyet newspaper reported May 26.
Reportedly, the airline took the step due to the fluctuations in euro's rate in Turkey.
It is expected that after the Turkish Airlines, other airlines in Turkey will also refuse to sell their tickets in euro.
As the newspaper said, another reason for the Turkish Airlines' refusal to sell the tickets for its flights in the euro is that Turkey's financial system is based on the US dollar.
Over the recent months, there have been fluctuations in the rates of euro and the US dollar in Turkey.
Last year, Turkey's Central Bank carried out intervention worth $2 billion to keep the stable exchange rate, but that attempt was unsuccessful.
The Turkish Central Bank's official rate as of May 26 is 2.8670 TRY/ EUR.
Edited by SI
Follow the author on Twitter: @rhafizoglu