Turkey’s forex market in agony after drastic measures
Many brokerage houses have closed in Turkey since February, when the authorities drastically lowered the leverage ratio for foreign exchange transactions.
![TURKEY-LIRA/ A board showing the currency exchange rates of the U.S. dollar and the Euro against Turkish lira is on display at a currency exchange office in Istanbul, Turkey, January 11, 2017. REUTERS/Murad Sezer - RTX2YFYP](/sites/default/files/styles/article_hero_medium/public/almpics/2017/07/RTX2YFYP.jpg/RTX2YFYP.jpg?h=f7822858&itok=34V8zCXB)
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