Newsletters Events
Logo Logo
The Middle Eastʼs leading independent news source since 2012

Search

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.

Mehmet Cetingulec
Mehmet Cetingulec
Jul 24, 2017
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
A board showing the currency exchange rates of the US dollar and the euro against the Turkish lira is on display at a currency exchange office in Istanbul, Turkey, Jan. 11, 2017. — REUTERS/Murad Sezer

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
Continue
OR

Continue reading this article for free

Access 1 free article per month when you sign up. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in