Investors dump Turkish Lira en-masse

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Investors dump Turkish Lira en-masse

The rate at which the Turkish central bank is “burning” its reserves in foreign currency has accelerated against the steady downward trend in the Turkish currency. (Authorities intervened by selling the dollars at their disposal to support the pound’s exchange rate). […]

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The rate at which the Turkish central bank is “burning” its reserves in foreign currency has accelerated against the steady downward trend in the Turkish currency. (Authorities intervened by selling the dollars at their disposal to support the pound’s exchange rate). […]

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