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Turkish lira pulls back from record low after central bank plan

Monday, August 13, 2018 - 01:43

Turkey's lira has pulled back from an overnight record low of 7.24 to the dollar after the central bank pledged to provide liquidity and cut lira and foreign currency reserve requirements for Turkish banks. As Francis Maguire reports, the announcement came after Finance Minister Berat Albayrak said authorities would start implementing an economic action plan on Monday morning.

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Turkey's lira has pulled back from an overnight record low of 7.24 to the dollar after the central bank pledged to provide liquidity and cut lira and foreign currency reserve requirements for Turkish banks. As Francis Maguire reports, the announcement came after Finance Minister Berat Albayrak said authorities would start implementing an economic action plan on Monday morning.

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Turkish lira pulls back from record low after central bank plan

Monday, August 13, 2018 - 01:43