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New lira curbs to boost Turkish FX reserves but at longer-term price

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Home Blogs > Business
Apr 16 '20 | By oiam2companyadmin | Views: 35 | Comments: 0

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Turkey's latest squeeze of its $37 billion-a-day London lira market may succeed in boosting scarce hard currency reserves but analysts say it will not stem the lira's decline and that the country's reliance on foreign capital means it could backfire.
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Source: https://www.reuters.com/article/us-health-coronavirus-turkey-offshore-an/new-lira-curbs-to-boost-turkish-fx-reserves-but-at-longer-term-price-idUSKCN21Y2GY?feedType=RSS&feedName=businessNews

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