Turkish lira starts week with gains on banking watchdog's new steps

Turkish lira starts week with gains on banking watchdog’s new steps

Turkey’s lira kept gaining strength against foreign currencies on Monday following the Turkish banking watchdog’s decision late Friday that limits commercial loans for companies with a certain amount of foreign currency. The US dollar/Turkish lira exchange rate dropped to 16.5870 as of 10 am local time (7 am GMT), from 17.3700 at the previous close. …

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