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Turkish regulator probes currency trades

Posted on 11 July 2013

Turkey started an investigation of foreign-currency transactions, building on a probe of stock trading, as the central bank broadened a fight to shore up the lira, moves analysts say threaten to undermine confidence in the country.
The Banking Regulation and Supervision Agency has asked Turkey’s major banks for detailed information on clients who sold the lira on Monday and Tuesday, as well as the sums of money and profit margins involved in the currency trades, three bankers said Wednesday. The BRSA said in an emailed statement that the probe is “routine.” The central bank declined to comment………………………………………..Full Article: Source


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