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Turkish banking watchdog intervenes in TRY transactions

27/05/2020

On 5 May 2020, the Turkish Banking Regulation and Supervision Authority (BRSA) imposed a restrictive ratio on banks for certain transactions with foreign financial institutions. The banking watchdog's measure comes after a challenging week for the Turkish lira...

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Authors

Portrait ofAlaz Eker Undar
Alaz Eker Undar
Portrait ofDöne Yalçın
Döne Yalçın
Partner
Istanbul