Turkish Lira recovers

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday, the Turkish Lira gained nearly 15%, as the President of Turkey Tayyip Erdogan revealed that local currency deposits would be guaranteed against market volatility.

During the Tuesday's volatility, the USD/TRY retraced as much as 38.56%, compared to the high level, which was touched on Monday.

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