CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

USDTRY slumps as Turkey limits lira loans to foreign investors

17:41 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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