Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for all investors, so please ensure you fully understand all of the risks. Most retail clients lose money when trading CFDs.

Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for all investors, so please ensure you fully understand all of the risks. Most retail clients lose money when trading CFDs.

USDTRY slumps as Turkey limits lira loans to foreign investors

8:41 PM 24 June 2022

Turkey took another attempt at halting depreciation of its currency. Turkish banking regulator introduced new rules requiring domestic banks to allocate very high risk weighting (500%) to TRY loans given to foreign investors. Reasoning behind the move is that it will squeeze TRY liquidity abroad and make it harder for offshore investors to borrow in liras with intent of selling them on the markets. USDTRY slumped back below 17.00 handle and is now trading over 3% lower on the day.

USDTRY slumps back below 17.00 as Turkey attempts to curb lira short selling. Source: xStation5

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