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View Full Version : Turkish Central Bank Wields 'Big Stick' On the Lira as Reserves Dwindle - Bloomberg



NewsWhore
10-06-2011, 04:50 AM
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Turkish Central Bank Wields &#39;Big Stick&#39; On the Lira as Reserves Dwindle (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHKLUiuXscA_v1ZxFe9m6ot-fD9XA&url=http://www.bloomberg.com/news/2011-10-05/turkish-central-bank-wields-big-stick-on-the-lira-as-reserves-dwindle.html)
Bloomberg
Basci bolstered the move with a decision to cut the foreign-currency reserves banks must deposit against their liabilities, freeing up an additional $1.3 billion in liquidity. Policy makers in emerging markets are seeking to bolster weakening ...

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