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Turkey's Hedge Funds Are Latest Casualties of Currency Clampdown For local savers, holding foreign currency is a way to hedge against the depreciation of the lira and deposit rates that don't compensate them for inflation.
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Turkey Widens Clampdown to Hedge Fund Investors in Hard Currency Inflation Hedge. For local savers, holding foreign currency is a way to hedge against the depreciation of the lira and deposit rates that don' ...
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