Turkish lira whipsaws following new loan ban that's set to affect thousands of companies - CNBC

The new loan ban to certain companies is meant to shore up the lira, which has dramatically weakened over the past few years.

Turkey's currency, the lira, enjoyed a much-welcomed boost on Monday and the preceding Friday after the country's banking regulator announced a ban on lira loans to companies holding what it deemed t… [+2940 chars]

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