Turkey Eases Currency Trading Limits Again, Boosting Lira
- Banking regulator allows foreign lenders to buy more liras
- Turkey on course to undo last two years’ restrictive policies
Photographer: Burak Kara/Getty Images
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Turkey made it easier for foreign investors to access lira funding, a move that’s aimed at undoing some of the restrictions imposed over the last two years. The lira rallied.
The banking regulator increased the amount of currency swaps and derivative deals that local lenders can carry out with foreign counterparts, according to a statement on Wednesday.