Economics

Turkey’s Central Banker Pledges to Protect the Lira

  • Governor Sahap Kavcioglu said he’s in talks for new swap deals
  • Central bank may tweak the required reserves rule after talks
A market trader handles a 20 lira banknote on her food stall in Istanbul.Photographer: Kostas Tsironis/Bloomberg
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Turkish central bank governor pledged to take necessary steps to protect the lira’s value in a meeting with senior bankers, according to a person with direct knowledge of the matter.