turkish lira rallies as qatar makes $15bn loan pledge /

Published at 2018-08-15 20:28:22

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Ankara officials will channel money into Turkey’s financial markets and banks’Turkey’s beleagured currency has bounced back from record lows after Qatar pledged to shore up the banking sector’s shaky finances with loans worth $15bn (£11.8bn).
A week after a diplomatic spat with the US sent the lira into a tailspin,the agreement with Qatar was calculated to aid Turkey avoid having to ask the International Monetary Fund for emergency funding. Related: Turkish lira rallies as Qatar invests $15bn, but markets slide - trade live Continue reading...

Source: theguardian.com

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