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View Full Version : Turkey Bank Moves to Stem Lira Losses, Cancels Dollar Buying - Bloomberg



NewsWhore
07-25-2011, 05:50 AM
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Turkey Bank Moves to Stem Lira Losses, Cancels Dollar Buying (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHrGiaej7ZTa1gKS7fNIJr0DIYkMA&url=http://www.bloomberg.com/news/2011-07-25/turkey-bank-moves-to-stem-lira-losses-cancels-dollar-buying-2-.html)
Bloomberg
It also reduced the reserve requirement for banks on foreign currency deposits of more than a year by as much as 2 percentage points to 9 percent. The bank cited the need to monitor “implementation of the decisions taken by the EU leaders to resolve ...

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