Reuters exclusively reveals Turkish bank employees compelled to boost lira-defense scheme | Reuters News Agency
Business & Finance

Reuters exclusively reveals Turkish bank employees compelled to boost lira-defense scheme

Reuters exclusively reported that Turkey’s big state banks have set employee performance targets as they urge clients to convert foreign currencies into lira under a deposit-protection plan introduced last month to stem a currency crisis. Under the scheme, the Treasury and central bank guarantee deposits with a three-to-12 month duration against foreign exchange-related losses in an effort to halt a flight to the dollar amid soaring inflation.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
A merchant counts Turkish lira banknotes at the Grand Bazaar in Istanbul, Turkey, March 29, 2019. REUTERS/Murad Sezer
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