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2018-08-11

Turkey: About half of the banking system’s deposits are in dollars or euros

Turks have traditionally held a large proportion of their savings in foreign currencies as protection against runaway inflation and bouts of currency weakness. 

About half of the banking system’s deposits are in dollars or euros, according to the latest regulatory data.

https://www.bloomberg.com/news/articles/2018-08-10/turkish-banks-are-said-to-plan-meeting-with-regulator-saturday

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