Turkish currency: Lira-expiration calls to banks on the Plan

The Currency depreciation in Turkey attracts more and more circles. Domestic banks have started because of the price slide of the Lira, in the meantime, in orde

Turkish currency: Lira-expiration calls to banks on the Plan

The Currency depreciation in Turkey attracts more and more circles. Domestic banks have started because of the price slide of the Lira, in the meantime, in order to charge fees for cash withdrawals, foreign currency, bankers said on Thursday. Some of the money houses demanded this in the case of withdrawals from a certain sum, while others were still working on their strategy.

"The gradually begun within the sector," said a Banker. All of the institutions would follow, probably. Since the currency crisis of 2018, the Turks have grown increasingly hard currencies. In the Wake of another massive decline of the Lira in the past weeks, the volume increased until the end of July to 213 billion dollars. This has caused money houses fears that they might get into bottlenecks, should be fast, the extent of the cash withdrawals of foreign currency stormy upwards. The Turkish Central Bank had recently can be classified such withdrawals as transactions for the banks ' fees request.

The local currency has lost since the beginning of the year to the Dollar to around 20 percent of their value. Also on Thursday, the price fell further. The American currency traded just under its recently marked a record high of 7,3652 Lira.

Dollar in Turkish Lira USD/TRY -- -- (--) Forex vwd 1T 1W 3M 1J 3J 5J To a detail view of the Euro in Turkish Lira EUR/TRY -- -- (--) Deutsche Bank Forex vwdCrossrates 1T 1W 3M 1J 3J 5J For detail view
Updated Date: 13 August 2020, 09:19

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