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Turkish Lira Slips Again After Imposing New Limits on Banks’ Foreign-Exchange
February 11th, 2020 - 07:37 GMT

Turkish Lira Slips Again After Imposing New Limits on Banks’ Foreign-Exchange

Turkey’s lira slipped in volatile trade on Monday after new government limits on banks’ foreign-exchange helped the currency briefly erase Friday’s sharp losses before selling resumed. Investors and traders said the whip-saw trading - after weeks in a narrow range - suggested Turkish state banks were again intervening to attempt to buffer the lira after they sold tens of billions of dollars over the past year. The lira strengthened to ...
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