Reuters exclusively reported that Turkey’s government has appealed to foreign allies in an urgent search for funding as it prepares defenses against what analysts fear could be a second currency crisis in as many years. Treasury and central bank officials have recently held bilateral talks with counterparts from Japan and the United Kingdom on setting up currency swap lines and with Qatar and China on expanding existing facilities.
Reuters exclusively reports Turkey seeks global funding help to gird against lira shock
14 May 2020, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe / Middle East / Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop
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