Skip to main content

Turkey’s lira sinks further as currency protection scheme changes

Banks are upset with a Central Bank plan to move depositors’ savings out of accounts designed to protect the lira’s value.

Turkey lira
A picture taken in Istanbul on May 23, 2018 shows Turkish lira and US dollars banknotes. — OZAN KOSE/AFP via Getty Images

Subscribe for unlimited access

All news, events, memos, reports, and analysis, and access all 10 of our newsletters. Learn more

$14 monthly or $100 annually ($8.33/month)
OR

Continue reading this article for free

Access 1 free article per month when you sign up. Learn more.

By signing up, you agree to Al-Monitor’s Terms and Conditions and Privacy Policy. Already have an account? Log in