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Battle of the Syrian north lands in Turkish lira

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Recorded lira Opposite The dollar 6.04250 Tuesday compared to 6.0075 in Monday’s close, while currency fluctuations have grown since a sharp decline late Friday’s trading.

The lira had suffered severe losses on Friday, which prompted the organization responsible for organizing The banking sector, Imposes new restrictions on transactions Foreign exchange.

Quotes "Reuters" On Sunday, the regulator said it would lower the exchange cap Turkish banks For currencies, whether in immediate or forward transactions with foreign entities, to ten percent of shareholders’ equity instead of 25 percent, as determined in August 2018, the height of the Turkish currency crisis.

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The lira against the dollar recorded 6.04250 on Tuesday, compared with 6.0075 at Monday’s close, while currency fluctuations have grown since a sharp decline in late Friday’s transactions.

The lira had suffered severe losses on Friday, which prompted the body responsible for regulating the banking sector, imposing new restrictions on foreign exchange transactions.

Reuters quoted the regulatory authority as saying on Sunday that it will reduce the ceiling of Turkish banks ’exchange of currencies, whether in immediate or forward transactions with foreign entities, to ten percent of shareholders’ equity instead of 25 percent, as determined in August 2018, by the height of Turkish currency crisis.

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