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Monday, 18 July 2016

Turkey will not intervene to support the lira, says deputy PM - FT.com

Turkey will not intervene to support the lira, says deputy PM - FT.com:

"Turkey will not intervene to support the lira, according to deputy prime minister Mehmet Şimşek, but will watch markets adjust to this “major event” and count on the quick resolution of Friday’s attempted coup to provide confidence to foreign investors.
Its central bank will provide unlimited lira liquidity and drop the commission rate for intraday liquidity to zero. The bank will also consider increasing foreign exchange deposit limits for banks."



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