Turkish Depositors Exit Key Lira Program as Regulators Start Curbs
- Around $5 billion of savings left emergency lira support tool
- Some depositors are shifting savings into dollar accounts
Currency exchange rates in Istanbul.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkish investors are starting to exit a tool designed to halt a selloff in the lira and are moving their money into regular dollar accounts, putting pressure on the central bank to meet increasing demand for foreign exchange.