Currency | |||||
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Dollar dominance is as secure as American global leadership It is more attractive to conduct trade or hold savings in a currency that is widely used by others, giving reserve currencies an edge over challengers. That ...
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Global Banks Failed to Close Lira Trades as Funding Dried Up Foreign lenders were unable to meet lira obligations as the cost of borrowing in the currency jumped as high as 1,050% for offshore investors, the ...
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ANALYSIS-Turkey's tumbling lira tests Erdogan's rate resolve ... Erdogan hired him to lift Turkey out of a recession and currency crisis. ... for depositors in lira, a factor which has hastened the currency's slide.
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