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CBRT Document Offers New Tool for Liraization

TURKEY
  • Reuters cites a CBRT document as offering rediscount credits with longer maturities and lower interest rates.
  • As part of that CBRT document, companies using the rediscount credits would be committing to sell at least 30% of their export revenue to banks - so looks like another liraization method as authorities look to shore up the exchange rate

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