Similar Stories to Turkey's Banks Bear Weight Of Currency Crisis on Bing News

WSJ.com: What's News US, Wall Street Journal: Home US
Tue, 08/14/2018 - 4:51am

Turkey’s banking system is chock full of foreign currency debt to companies. Borrowers who took out loans in U.S. dollars and euros will see the value of their payment obligations skyrocket in lira terms. A slowing economy will also intensify the pain.

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Topics: u.s currency

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