Photographer: Kerem Uzel/Bloomberg

Turkey’s Fight Against Dollarization Hasn’t Been Working: Chart

Turkish residents have been flocking to the stability of hard currencies, the opposite of what President Recep Tayyip Erdogan has been urging. Deposits in foreign exchange for individuals and companies excluding banks rose for a third week, signaling a lack of confidence in the lira. It’s the biggest loser among world currencies so far in 2017.

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