Turkey lira at new low after rollback of bank rules

Turkey lira at new low after rollback of bank rules

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ISTANBUL: The Turkish lira slid 1.8 percent to a fresh record low against the US dollar on Monday after the central bank took steps to simplify rules governing lenders’ holdings and foreign deposits, following its sharp interest rate hike last week. The lira fell to 25.76 against the dollar,…

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