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Turks Switch Savings to U.S. Dollars as Local Currency Collapses

Turks Switch Savings to U.S. Dollars as Local Currency Collapses

Turks abandoned their local currency savings for U.S. dollars and other foreign-currency deposits over concerns about the country’s faltering economy, propelling the Turkish lira to its worst slide in years.


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25 November 2021, 17:52