ISTANBUL—Turks deserted their native forex financial savings for U.S. greenbacks and different foreign-currency deposits over considerations about the country’s faltering economy, propelling the Turkish lira to its worst slide in years.

Families higher their deposits of foreign exchange in Turkish banks final week thru Nov. 19 by way of just about $1 billion, in step with knowledge launched by way of the Turkish central financial institution on Thursday. About 59% of retail financial institution deposits are actually in foreign currency, up from just about 57% the week prior to.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here