Gulf states provide cash relief to Turkey, says Erdogan.

1 min read
Source: Reuters
Gulf states provide cash relief to Turkey, says Erdogan.
Photo: Reuters
TL;DR Summary

Turkish President Erdogan has said that Gulf states recently sent funding to Turkey, briefly helping relieve the central bank and markets. Erdogan did not name the countries nor specify when or how much funding arrived in Turkey. He intends to meet and thank their leaders after Sunday's runoff presidential election. Turkey's forex buffer has been depleted partly due to years of an unorthodox policy of stabilizing the lira currency.

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