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| Restriction of foreign-currency borrowing after lira plunge, spells concern by Turkish authorities The ban on Turkish residents from borrowing foreign currency from foreign lenders unless they have foreign-currency income to offset it, following the Turkish lira hitting an all-time low on Friday, demonstrates a great level of concern by the Turkish administration, Asia times website reported. The new ...
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12 Foreign Countries You Didn't Know Use the US Dollar This is also when the country got its independence from Colombia and when the United States won the right to build the canal and lease it (an agreement that stood in place until 2000). Panama's own currency, the balboa, is a 1:1 trade to the dollar. Check out these 15 mystical destinations that truly ...
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| Turkey: Turkey Changes Its Foreign-Currency Loan Borrowing Regime Foreign-currency loans are widespread in Turkey among unhedged borrowers. This is ... Legal entities residing in Turkey ("Turkish Entity"), when borrowing in foreign currency but gaining income in local currency, may be affected from exchange rate fluctuations and may fail to repay their loan debts.
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