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IIF Lowers its USD/TRY ‘fair value’ estimate by 42% to 16.5 vs 9.5 Prior

TURKEY
  • The Institute of International Finance, which previously held an estimate of 9.5 per dollar, now sees the lira weakening because of an expansion in credit that was widening Turkey’s current account deficit even before Russia’s invasion of Ukraine pushed up commodity prices, Robin Brooks, the IIF’s chief economist, said on Monday. - Ahval
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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