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CBRT Pledge to Up Availability of Rediscount Credits

TURKEY
  • Reuters cites sources as saying the CBRT are ready to source unlimited funding for TRY rediscount credits for exporters, and that while conditions have improved, resources will not be extended to companies that purchase FX.
  • These headlines follow reports in Dunya earlier this week, that wrote that key financing taps for exporters had been closed off for almost two months. Those saw exporting firms unable to access financing facilitated by the CBRT and forced many to opt for more expensive instruments - looks to be countering earlier pressures.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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